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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.basedSnowflakewouldpostadjustedearningsof18cents pershareonsalesof828.7 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 78 ...