US stocks rallied | Double positive stimuli boost! Snap Inc (SNAP.US) surged more than 18%

According to the Wisdom Financial APP, on Thursday, Snap Inc (SNAP.US) surged more than 18%, reaching $8.63. Snap's third quarter revenue grew by 10% year-on-year to $1.51 billion, slightly higher than analysts' expectations. Due to restructuring and cost control measures, net losses narrowed to $104 million, compared to $153 million in the same period last year; far better than analysts' expectations of over $200 million in losses. Snap expects fourth quarter revenue to be between $1.68 billion and $1.71 billion, with the midpoint of $1.695 billion slightly higher than Wall Street's expectation of $1.69 billion. The company also revealed that fourth quarter adjusted EBITDA is expected to be between $280 million and $310 million, exceeding StreetAccount's forecast of $255.4 million.