Snowflake Misses Earnings and Operating Margin Guidance; Shares Drop
SNOWSnowflake(SNOW) investopedia.com·2024-05-24 04:20

Key Takeaways Cloud storage provider Snowflake missed first-quarter profit expectations and scaled back its full-year operating income guidance when it reported earnings after the bell Wednesday. Snowflake's revenue came in better than analysts expected, however, benefiting from continued strong artificial intelligence (AI) product demand. Snowflake shares rose in early trading Thursday, before reversing course to finish lower. Snowflake (SNOW) shares declined Thursday after the cloud data storage provider ...