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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nvidia earnings, Snowflake, Kohl's reports: 3 things to watch By Investing.comNvidia earnings, Snowflake, Kohl's reports: 3 things to watch
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »