Snowflake Reports Widening Losses, Sending Its Stock Lower
Snowflake(SNOW) Investopedia·2024-08-22 05:40
Key TakeawaysSnowflake's second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The company's outlook also missed analysts' estimates compiled by Visible Alpha.Snowflake CEO Sridhar Ramaswamy highlighted the company's opportunities related to artificial intelligence. Snowflake's (SNOW) second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The data cloud company reported second-qua ...