Snap stock rises as sales grow 5% from last year

As part of Snap's "internal forecast," the company said that it expects sales in its fourth quarter to fall in the range of $1.32 billion to $1.38 billion, which is lower than the $1.33 billion analysts were expecting.

Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019.$2.93 vs. $2.74 expected, according to StreetAccount. The company said it has "observed pauses in spending from a large number of primarily brand-oriented advertising campaigns immediately following the onset of the war in the Middle East," which is impacting its current quarter's sales.

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