Why Snowflake Shares Are Trading Higher Today

Benzinga2021-08-26

Snowflake Inc (NYSE:SNOW) is trading higher Thursday after the company announced better-than-expected second-quarter fiscal 2022 earnings results.

Snowflake reported a quarterly adjusted earnings loss of 4 cents per share, which beat the estimate for a loss of 15 cents per share. The company reported quarterly revenue of $254.6 million, which came in below the estimate of $256.54 million, but represented 103% growth year over year.

Snowflake expects full-year fiscal 2022 revenue to be in a range of $1.06 billion to $1.07 billion versus the estimate of $1.11 billion.

“Snowflake saw continued momentum in Q2 with triple-digit growth in product revenue, reflecting strength in customer consumption,” said Frank Slootman, chairman and CEO of Snowflake.

Snowflake is a data lake, warehousing and sharing company with more than 3,000 customers.

SNOW Price Action: Snowflake has traded as high as $429 and as low as $184.71 since its IPO in September.

At last check Thursday, the stock was up 4.03% at $295.27.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Huat8989
2021-08-27
Huat8989
Nice
jhhh
2021-08-26
jhhh
Nice ????????
YummyFood
2021-08-26
YummyFood
[呆住] [呆住] [呆住]
DarwinNg
2021-08-26
DarwinNg
Good
larry88sim
2021-08-26
larry88sim
Wow
BarleyIce
2021-08-26
BarleyIce
Hehehe
- YummyFood:
  [呆住] [呆住] [呆住]
- BarleyIce:
  Lolol

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