Snowflake Surges 19.50% in After-Hours Trading on Strong Earnings and Acquisition News

Market Watcher11-21 09:10

November 20th, 8:00 PM, after the US stock market opened, several stocks experienced significant fluctuations.

Snowflake saw a notable increase of 19.50% in after-hours trading, drawing significant market attention.
Snowflake reported better-than-expected earnings and provided an upbeat outlook for the future. The company's product revenue for the January quarter is forecasted to be $906 million to $911 million, surpassing analysts' expectations. Snowflake's stock jumped 18% in after-hours trading. The company also announced plans to acquire data-integration platform Datavolo and a new partnership with artificial-intelligence company Anthropic. This positive news comes after a streak of three post-earnings declines. Overall, Snowflake's strong performance and optimistic outlook indicate a positive trend for the company.

Top 5 Gainers in After-Hours Trading Today
Scworx Corp: 62.24%
Crown Electrokinetics Corp.: 28.55%
Snowflake: 19.50%
Semler Scientific, Inc.: 10.66%
Psyence Biomedical Ltd: 9.60%

Top 5 Decliners in After-Hours Trading Today
TMT ACQUISITION CORP: -8.39%
Ambipar Emergency Response: -8.26%
Kingsoft Cloud Holdings Ltd: -7.81%
YIELDMAX AI OPTION INCOME STRATEGY ETF: -5.66%
T-REX 2X LONG NVIDIA DAILY TARGET ETF: -5.21%

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Snowflake's stock jumped 18% in after-hours trading. The company also announced plans to acquire data-integration platform Datavolo and a new partnership with artificial-intelligence company Anthropic. This positive news comes after a streak of three post-earnings declines. 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