Snap Crackles and Pops on Surprise Profit and Raised Guidance

Key PointsSocial media operator Snap recorded a surprise profit of 3 cents in Q1 2024, crushing consensus estimates for a loss of 3 cents by 29 cents.Daily active users (DAUs) rose 10% YoY to 422 million, and Snapchat+ premium membership tripled to more than 9 million subscribers.Snap raised its Q2 2024 revenue guidance to $1.225 billion to $1.255 billion, above $1.22 consensus estimates, and DAU is expected to reach 431 million.5 stocks we like better than SnapSnap Inc. NYSE: SNAP investors are rejoicing a ...