Shares in Snap Inc. rose nearly 6% up in after-hours trading today, on top of an almost 4% rise in regular trading, after the company impressed investors with earnings and revenue beats in its fourth quarter and a higher-than-expected outlook.

Wells Fargo downgraded Snap stock to equal weight today despite its Q4 earnings coming in ahead of Street estimates.

Shares of Snap Inc. rose in the extended session Tuesday after the Snapchat parent swung to a quarterly profit and grew the ranks of its most loyal users.