Snap defies odds: Q3 profit stuns Wall Street as shares skyrocket
Shares of Snap Inc., the parent company of Snapchat, surged following better-than-anticipated third-quarter results. Analysts expected a quarterly loss of $0.26 per share, yet Snap defied forecasts by posting an adjusted profit of $0.03 per share, with revenue of $1.12 billion. The company attributed this turnaround to an 85% increase in advertising participation from small […]