Snap Revenue Surges on User Growth, Advertising Gains
- Shares jump as company tops estimates for first time since IPO
- In rare win, social-media underdog adds clients, runs more ads
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Don’t count Snap Inc. out just yet.
The company delivered sales that blew past analysts’ expectations, its first upbeat quarterly report since going public, as advertisers start to get more comfortable spending money on its Snapchat app. The stock jumped as much as 31 percent in extended trading.