. The company reported earnings of one cent per share on an adjusted basis, which was ahead of the 5-cent loss expected by analysts surveyed by Refinitiv. Revenue came in at $679 million, which exceeded expectations of $555.9 million. Snap said it had 249 million daily active users during the quarter, ahead of the 244.12 million expected by analysts polled by FactSet.
— shares of the company rose more than 1% after the semiconductor name beat top- and bottom-line estimates during the third quarter. The company earned $1.45 per share on revenue of $3.82 billion. Analysts surveyed by Refinitiv expected earnings of $1.28 per share and $3.45 billion in revenue.for exclusive insights and analysis, and live business day programming from around the world.
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