04:51 PM EDT, 10/29/2024 (MT Newswires) -- Snap (SNAP) reported Q3 non-GAAP earnings late Tuesday of $0.08 per diluted share, up from $0.02 a year earlier.

Analysts polled by Capital IQ expected normalized earnings of $0.05.

Revenue in the three months ended Sept. 30 rose to $1.37 billion from $1.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.36 billion.

The company's board approved a share repurchase program of up to $500 million of its class A shares.

Shares of the company rose 4.8% in recent after-hours activity.

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