Feb. 6 (UPI) -- Stocks for Snap, Inc., the parent company of Snapchat, increased 20 percent Tuesday after fourth-quarter results exceeded Wall Street expectations for the first time.
The social media app generated revenue of $285.7 million -- a 72 percent year-over-year increase -- in the fourth quarter of 2017. The revenue numbers were more than $30 million over the $253 million that had been expected.