Snap shares rocket on revenue beat, stronger-than-expected forecast

Snap shares climbed more than 20% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51 billion…

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Joby, L3Harris partner on hybrid defense craft

An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Roselle Chen | Reuters Joby Aviation and defense contracting giant L3Harris announced a partnership Friday to develop a next-generation military craft that can be piloted or fly autonomously. The partnership brings together Joby’s hybrid vertical…

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