Snowflake Stock Jumps On Better-Than-Expected Revenue, Sales Guidance
SNOWSnowflake(SNOW) investors.com·2024-05-23 05:14

Snowflake stock jumped late Wednesday after the data analytics company gave a mixed first-quarter report. Earnings came in below analyst expectations, but revenue exceeded consensus. Snowflake (SNOW) boosted its sales outlook for the rest of the year. X The software firm said that it earned an adjusted 14 cents per share on sales of 828.7millionfortheAprilendingquarter.Onaverage,analystsprojectedthatBozeman,Mont.basedSnowflakewouldpostadjustedearningsof18centspershareonsalesof828.7 million for the April- ending quarter. On average, analysts projected that Bozeman, Mont.-based Snowflake would post adjusted earnings of 18 cents per share on sales of ...