Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessSnowflake Stock Surges 5 percent After Q3 Beat

Snowflake Stock Surges 5 percent After Q3 Beat

Add to Favorite
Added to Favorite


Snowflake (NYSE:SNOW) saw its shares rise over 5% intra-day today following the announcement of its third-quarter results.
The company reported an earnings per share (EPS) of $0.25, exceeding the Street estimate of $0.16. Its revenue increased by 32% year-over-year, reaching $734.2 million, which was higher than the expected $713.36 million. Notably, product revenue rose by 34% from the previous year, totaling $698.5 million.
Snowflake’s customer base has also shown impressive growth. The company now boasts 436 customers with trailing 12-month product revenues exceeding $1 million, a 52% increase year-over-year. Additionally, 647 of its customers are from the Forbes Global 2000 list, marking a 10% increase from the previous year.
Looking ahead to the fourth quarter, Snowflake anticipates its product revenue to be in the range of $716 million to $721 million, suggesting a 29-30% year-over-year growth. For the full fiscal year, the company expects its product revenue to reach $2.65 billion, indicating a substantial 37% growth compared to the previous year.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Amazon Shares Jump 7 percent on Strong Q3 Results

Amazon.com (NASDAQ:AMZN) reported third-quarter earnings that exceeded analyst expectations,...

Apple Sets Q4 Revenue Record but Cautious Holiday Forecast Dampens Investor Sentiment

Apple (NASDAQ:AAPL) reported fourth-quarter earnings that slightly exceeded Wall...

US economy sees 2.8 percent annual rate in third quarter, no recession, CWEB reports

On Wednesday, the Commerce Department of the US government...