Snap pops on revenue beat and lower losses than expected

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Snap pops on revenue beat and lower losses than expected
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Snap pops on revenue beat and lower losses than expected.

Snap, the maker of Snapchat, saw its stock price shoot up as much 11% in after-hours trading on Tuesday after beating analyst expectations. It later gave up some of those gains, settling up about 7%.

Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter.

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