Snap Stock Soars 25% After Strong Advertising Sales Drive Q1 Results and Outlook

Key TakeawaysSnap shares soared more the 25% in premarket trading Friday after the Snapchat parent posted quarterly results above analysts' estimates and issued a better-than-expected current-quarter outlook.The company expects its daily active user count to grow to 431 million by the end of the current quarter, above the 430 consensus view.Recent enhancements to the company's platform helped it attract small to medium-sized advertisers in the quarter.Snap shares may run into overhead resistance around $15. ...