Snap Stock Gets Boost After Q2 Report. Why Results Are 'Step In Right Direction'

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Snap (SNAP) got a much-needed boost in Tuesday morning trading, after the Snapchat parent company's second-quarter results beat expectations Snap reported a loss of 10 cents per share for the June-ended quarter, narrowed from a loss of 16 cents per share a year earlier. That was better than the loss of 12 cents per share that analysts polled by FactSet were…