Snap beats user, revenue estimates with highest growth in 4 years

By Sheila Dang
FILE PHOTO A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange NYSE in New York City NY U.S. March 2 2017. REUTERSLucas JacksonFile Photo

FILE PHOTO: A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson/File Photo

(Reuters) -Snap Inc on Thursday beat Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapchat attracted more users.

Shares of Santa Monica, California-based Snap rose about 10% to $69.20 in extended trading, after its forecast for the current quarter also came in above expectations.

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