Key Takeaways Snap beats profit and sales estimates as users embrace its artificial intelligence and augmented reality technology. Average daily active users, average revenue per user, and ad revenue all exceeded forecasts. Snap announced a $500 million share buyback. Shares of Snap (SNAP) jumped Wednesday after the social media company posted better-than-anticipated results and announced a stock buyback. The owner of the Snapchat photo and video sharing app reported third quarter non-GAAP earnings per shar ...