Why Snap Stock Is Skyrocketing Higher Today

Shares of Snap (NYSE: SNAP) surged at market open on Friday, rising about 24% during the first 15 minutes of trading.

The growth stock's gain follows the Snapchat parent's second-quarter earnings release on Thursday. Shares are trading higher because the company obliterated analyst estimates, posting huge growth in revenue and adjusted earnings per share.

Image source: Snap.

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Source Fool.com