Why Snowflake Stock Dropped 12% Last Month
Snowflake(SNOW) The Motley Fool·2024-09-10 01:04
Management raised its top-line guidance, but investors were looking at the bottom line.Shares of data storage and analytics company Snowflake (SNOW 1.05%) dropped by 12.4% during August, according to data provided by S&P Global Market Intelligence. The stock got crushed after the company reported results for its fiscal 2025 second quarter on Aug. 21 -- but the drop in price confused many investors.Here's why the stock's drop was confusing for some: In the quarter, Snowflake generated product revenue of $829 ...