News Formal

Snowflake breaks its string of guidance cuts, but stock still moves lower after earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Snowflake kept its full-year forecast steady in Wednesday's earnings report.

Snowflake Inc. broke from its pattern of outlook cuts Wednesday afternoon as it kept its forecast for the full year steady, but shares of the data-software company were dipping in after-hours action.

Revenue increased to $674 million from $497 million, while analysts were looking for $662 million. Snowflake generated $640 million in product revenue.Snowflake had a net retention rate of 142% in the fiscal second quarter, compared with 151% in the fiscal first quarter.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Nvidia earnings, Snowflake, Kohl's reports: 3 things to watch By Investing.comNvidia earnings, Snowflake, Kohl's reports: 3 things to watch
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Snowflake earnings: What to expect from the software companySoftware customers spent the past few quarters 'optimizing' their spending, and Snowflake is about to show whether those pressures are mitigating.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »