Snap’s stock price surges with surprising Q4 earnings

Snap’s turnaround could be happening sooner than anyone expected. The company behind Snapchat announced financial results for Q4 2017, and its performance beat expectations to send the stock price surging. Investors appeared to be impressed by growth in daily active users and revenue; however, costs remain high for Snap as profitability still hasn’t been achieved. The matter of profitability aside, it was exactly the type of quarter Snap needed to silence skeptics for a bit.