Snap shares rise on fourth-quarter earnings that beat on sales
Ana Maria Rus
Snap shares were up over 3 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings that beat on sales. The company also announced a $500 million stock repurchase program. Here is how the company did compared with Wall Street's expectations: The social media company said first-quarter revenue will be in the range of $1.50 billion to $1.53 billion, which is below analyst estimates of $1.55 billion. Sales in Snap's fourth quarter rose 10% year over
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