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Shares of Snap Inc. rose about 12% in the extended session Tuesday after the Snapchat parent swung to a quarterly profit and grew the ranks of its most loyal users.
Snap SNAP said that its daily average users rose 9% year over year to 453 million people in the fourth quarter. That was ahead of Wall Street expectations of 451 million daily average users, and on the heels of another 9% rise in daily average users in October.
