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Snap Keeps Users, Stock Goes Wild

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Snap Keeps Users, Stock Goes Wild

Snap Keeps Users, Stock Goes Wild

Snap beat on both the top and bottom lines.

The company also said its daily active-user count stabilized in the period after two quarters of decline.

Snap was up 21.7% early Wednesday to $8.57 a share after saying its biggest problem — a declining number of daily users — has finally stablized.

It said it lost $0.14 a share on revenue of $389.8 million, topping the $0.19 loss and $377.5 million that was expected.

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