(CNBC) Snap shares surged 28% last week after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts’ estimates. The stock climbed $3.15 to close at $14.55, its biggest percentage gain since 2022. Even after the rally, the stock is down 14% for the year due to a 31% plunge in February. Revenue in the first quarter increased 21% to $1.19 billion.
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
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