Snap Posts Best User Growth in 3 Years

The revamped version of Snapchat's Android app is officially a hit in emerging markets. Snap (NYSE: SNAP) reported second-quarter earnings results yesterday evening, and the company easily crushed analyst estimates, sending shares soaring this morning. In no uncertain terms, Snap is very much in turnaround mode. Stifel's upgrade yesterday ahead of the release sure worked out well.

Snapchat added the most daily active users (DAUs) in three years.

Image source: Snap.

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