Business
Snap crushes analysts’ Q3 revenue expectations, sending its stock soaring – Business Insider – Business Insider
Snap’s reported revenue for Q3 blew away analysts’ expectations and sent its stock booming in after-hours trading.
Snap’s revenue for Q3 blew away analysts’ expectations and sent its stock booming in after-hours trading late Tuesday.
Snapchat’s parent company said it generated $678.7 million in revenue in the third quarter, up by 52% year-on-year. The reported revenue beat Wall Street analysts’ consensus by more than $100 million.
In after-hours trading, Snap’s stock shot up more than 20%.
Here are the key numbers, as well as the average analyst estimates, via Bloomberg:
- Revenue: $678.7 million, up 52% year-on-year…
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