SANTA MONICA, Calif. (AP) _ Snap Inc. (SNAP) on Thursday reported fourth-quarter earnings of $22.6 million.

On a per-share basis, the Santa Monica, California-based company said it had profit of 1 cent. Earnings, adjusted for stock option expense and non-recurring costs, came to 22 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The company behind Snapchat posted revenue of $1.3 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $1.2 billion.

For the year, the company reported a loss of $488 million, or 31 cents per share. Revenue was reported as $4.12 billion.

For the current quarter ending in April, Snap said it expects revenue in the range of $1.03 billion to $1.08 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNAP at https://www.zacks.com/ap/SNAP

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