{"id":88059,"date":"2024-04-29T00:28:11","date_gmt":"2024-04-29T04:28:11","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88059"},"modified":"2024-04-29T00:41:12","modified_gmt":"2024-04-29T04:41:12","slug":"snap-shares-rocket-28-after-company-reports-unexpected-profit-better-than-expected-revenue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2024\/snap-shares-rocket-28-after-company-reports-unexpected-profit-better-than-expected-revenue.html","title":{"rendered":"Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\/\">Snap<\/a> shares surged 28% last week after the company surprised Wall Street by <a href=\"https:\/\/www.cnbc.com\/2024\/04\/25\/snap-snap-q1-2024-earnings-.html\">showing a profit<\/a> and reported sales and user numbers that exceeded analysts\u2019 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.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/04\/26\/snap-shares-rocket-28percent-as-company-reports-unexpected-profit.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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\u2019 estimates. The stock climbed $3.15 to close at $14.55, its biggest percentage gain since [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88059","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88059"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88059\/revisions"}],"predecessor-version":[{"id":88060,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88059\/revisions\/88060"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}