Stock Track | Snowflake Soars 8.43% in Pre-Market on AI Platform Upgrades and Strong Q4 Earnings Beat

Stock Track05-07

Snowflake's stock surged 8.43% in pre-market trading on Thursday, extending its recent rebound momentum.

The significant upward movement is supported by two key catalysts. First, the company recently launched new features for its Agent platform, further strengthening its AI Agent capabilities, which has been boosting positive market sentiment. Second, Snowflake reported strong fourth-quarter financial results, with revenue growth of 27.4% to $986.77 million, exceeding analyst expectations. The company also posted adjusted earnings per share of $0.30, beating the consensus estimate of $0.18, and provided product revenue guidance that topped forecasts.

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