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Snap Inc. (SNAP) Has Surged To A 7-Month High On Q4 Results

Snap Inc. (SNAP) reported a fourth quarter adjusted loss of $0.13 per share after the close Tuesday. Street expectations had been for a loss of $0.16 per share. Revenue increased 72 percent to $285.7 million, which topped analysts' expectations of $253.2 million.

Snap gapped open sharply higher Wednesday morning and is now up 4.22 at $18.28 on above average volume. The stock has surged to a 7-month high.

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