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(This April 24 story has been corrected to remove the reference to expenses rising due to product procurement, in paragraph 2)(Reuters) – Auto parts distributor O’Reilly (NASDAQ:) Automotive missed analysts’ estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell.Investments…

What Happened: Shares of social network Snapchat (NYSE: SNAP) jumped 27.5% in the afternoon session after the company reported first-quarter results with revenue beating expectations, driven by better-than-expected daily active users. Its revenue growth and higher operational efficiency also enabled it to post positive EBITDA and free cash flow, beating…

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The head of the Federal Student Aid office, which has faced criticism for the botched rollout of this year’s college financial aid form, will be stepping down. According to a letter to staff obtained by CNN, Richard Cordray said Friday that he will not be continuing in his role for another three-year term. He has served as the chief operating officer of FSA in the Department of Education since May 4, 2021, and will stay on through June to help with the transition. The announcement of Cordray’s departure comes as his office has been under fire for problems with a…

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