Shares in social media company Snap, which runs the youth-focused Snapchat, soared nearly 25 percent on Thursday after it reported more quarterly revenue than expected by analysts.
Snap revenue jumped more than anticipated and daily actives users hit 422 million for the March quarter, driving the shares up 26% after hours.
The company's plans to spend even more on its artificial-intelligence efforts appears to have shaken investors.
Meta's shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that sent US futures higher. A selloff in Treasuries drove benchmark yields to new highs for the year ...
Good morning. Alphabet, Microsoft, Snap gain on results. Airbus lifts A350 jet output. And Venice finds a way to combat ...
Snap has issued a positive revenue forecast for the second quarter, projecting between $1.23 billion and $1.26 billion, which ...
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Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the Omaha-based railroad ...