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Snap Stock Is Moving Higher After The Close: What's Going On?

Snap Inc (NYSE:SNAP) shares are trading higher in Wednesday’s after-hours session, in possible sympathy with Meta Platforms Inc (NASDAQ:META), which jumped on better-than-expected earnings results. What Happened With META: Meta beat analyst estimates on the top and bottom lines for the sixth consecutive quarter when it reported second-quarter revenue of $39.07 billion and earnings per share of $5.16 after the bell. Total revenues were up 22% on a year-over-year basis and ad impressions jumped 10% year-over-year, suggesting Meta’s aggressive AI spending is starting to show up in the results. ...