05:11 PM EDT, 04/25/2024 (MT Newswires) -- Snap (SNAP) reported Q1 non-GAAP earnings late Thursday of $0.03 per diluted share, up from $0.01 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.05.

Revenue for the quarter ended March 31 was $1.19 billion, up from $988.6 million a year earlier.

Analysts expected $1.12 billion.

The company said it expects Q2 revenue between $1.23 billion and $1.26 billion.

The Street is foecasting sales of $1.21 billion.

The company's shares were up around 35% in after-hours trading.

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