NewsMV
Snap (SNAP) shares gained 10% in the session after the company delivered a second-quarter earnings report that beat analysts' estimates across the board.
The move had a second driver: Snap paired the results with a strong sales forecast, giving the tape two reasons to reprice in a single session.
The next level to confirm is whether that forward guidance holds when the company returns with its next quarterly report.
The print Beating across the board is the quarterly result that carries the most weight for the setup.
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