BUZZ-Snap rises after co beats Q1 revenue estimates

Reuters04-26

** Shares of Snap rise 22% to $14 in extended trading

** Shares of Pinterest up 3%

** Snap reports Q1 rev of $1.2 bln vs ests of $1.12 bln - LSEG data

** Daily active users of Snapchat grew to 422 mln vs ests of 419.6 mln

** Co expects Q2 rev between $1.23 bln to $1.26 bln vs ests $1.22 bln

** Snap expects to grow to 431 million users in Q2

** Alphabet-owned Google reported Q1 ad rev of $61.66 bln

** Up to last close, SNAP stock had fallen ~30% YTD

(Reporting by Zaheer Kachwala in Bengaluru)

((Zaheer.Kachwala@thomsonreuters.com))

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