SOCL - Snap Gains Over 25% - What's Going On? | Benzinga
Snap Inc. (NYSE:SNAP) shares are skyrocketing in the premarket session on Friday.
Yesterday, the company reported its first-quarter financial results with quarterly earnings of 3 cents per share, beating the analyst consensus estimate of a loss of 5 cents per share.
Adjusted EBITDA was $46 million, compared to $1 million in the prior year.
While reporting quarterly results, Snap highlighted new tools, including new Creative Templates, the ability to post longer videos, and access to AI-powered AR Lens creation.
The ...