Snowflake Stock Surges as Revenue, Adjusted Profits Surpass Estimates
Snowflake(SNOW) Investopedia·2024-11-21 21:50
Key TakeawaysSnowflake shares were up over 20% in premarket trading Thursday after its third-quarter results beat estimates.Revenue rose year-over-year, while the company also reported better adjusted profits than expected.Aside from its earnings, Snowflake also announced an acquisition and a partnership with Amazon-backed Anthropic to bring its AI models to Snowflake products. Snowflake (SNOW) shares surged Thursday morning after the data software company reported better-than-expected results for the third ...