: Snap stock pops, then fizzles after earnings beat

Snap Inc. shares jumped more than 10% in after-hours trading Tuesday after the company added more users than expected, but the stock gave back most of those gains through the afternoon.

Snap SNAP, +3.99% shares were recently up less than 2% in after-hours trading. The stock typically experiences big swings after earnings, moving by double-digit percentages following seven of the company’s first eight quarterly reports as a public company. Snap has gained 118% so far this year, while the S&P 500 SPX, +0.88% has risen 17%.

The Snapchat parent company added 4 million users to the app in the quarter, bringing its total count up to 190 million — the first time in a year that the company grew its daily-active-user count sequentially.

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