Snowflake Down Post Q2 Earnings: Is SNOW Stock a Buy on Dip?
SNOWSnowflake(SNOW) ZACKS·2024-08-23 01:31

Snowflake (SNOW) shares were down more than 12% following the second-quarter fiscal 2025 results. It reported terrific results driven by strong adoption of its solutions. Snowflake’s product revenues jumped 29.5% year over year to 829.3millionandaccountedfor95.4829.3 million and accounted for 95.4% of fiscal second-quarter total revenues.  For fiscal 2025, SNOW now expects product revenues to increase 26% year over year to 3.36 billion, better than the previous guidance of $3.3 billion and 24% year-over-year growth. Nevertheless, the g ...