Snap Stock Is Surging Today: What's Going On?

Snap Inc (NYSE:SNAP) shares are trading higher Wednesday after the company reported better-than-expected financial results for the third quarter.

Q3 Revenue: $1.373 billion, versus estimates of $1.358 billion

Q3 EPS: 8 cents, versus estimates of 5 cents

Total revenue was up 15% on a year-over-year basis. Daily active users grew 9% year-over-year to 443 million. The company ended the quarter with $3.2 billion in cash, cash equivalents and marketable securities.

"Our investments in AI and AR are powering new creative experiences for our community and driving ...