Shares up 25% (Il Sole 24 Ore Radiocor) - New York, 26 Apr - Shares in Snap surged 25% after the owner of photo messaging app Snapchat reported first quarter sales that beat expectations.

Revenues in the first quarter were 1.195 billion dollars compared to 989 million in the prior year. Sales in the period ending in June will rise as much as 18% to 1.26 billion dollars, Snap said.

The company said its net loss in the period narrowed to 305 million dollars from 329 million.

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(RADIOCOR) 26-04-24 16:24:19 (0483) 5 NNNN