Snowflake: Beat Q2 Earnings, Here's Why The Stock Is Melting
Snowflake(SNOW) Seeking Alpha·2024-08-24 05:38
AZemdega/E+ via Getty Images Investment Thesis Snowflake Inc. (NYSE:SNOW) reported earnings after the bell on Wednesday. Even with the software company delivering quarterly results that beat on both the top and bottom line, shares fell almost 15% on Thursday. The data storage company’s forward guidance and deceleration in year-over-year revenue growth have raised alarms. This is something I have been pointing out since I last wrote on SNOW in May. Snowflake's forward guidance, while upped slightly, did ...