Snap Defies the Bears With Stunning Growth and a Surprise Profit
Snap's (NYSE: SNAP) stock recently skyrocketed after its third-quarter numbers shattered expectations. Its revenue surged 52% year-over-year to $679 million, marking its strongest growth in over two years and beating estimates by $127 million.
Snap's net loss narrowed from $227 million to $200 million, and it generated an adjusted EBITDA of $56 million -- compared to a loss of $42 million a year ago. That trickled down to a non-GAAP profit of $0.01 per share, which topped expectations by six cents.
Snap's headline numbers were impressive, but is the stock worth buying at its all-time highs? Let's dig deeper to find out.
Source Fool.com
