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Snowflake jumped over 14% in extended trading after its software sales more than doubled

Tiger Newspress2021-12-02

Snowflake jumped over 14% in extended trading after its software sales more than doubled.Snowflake on Wednesday reported third-quarter losses of $154.86 million, or 51 cents a share, after reporting losses of 28 cents a share a year ago, according to FactSet. Revenue grew to $334.4 million from $160 million a year ago, with products accounting for $312.5 million and the rest attributed to professional services.

Analysts on average expected losses of 6 cents a share on sales of $306 million, with $284 million in product sales, according to FactSet. Shares jumped more than 13% in after-hours trading immediately following the release of the results, after closing with an 8.6% decline at $311.

For the fourth quarter, Snowflake executives expect product revenue of $345 million to $350 million, while analysts on average were projecting $316 million. For the full year, Snowflake management now projects roughly $1.13 billion in sales, after previously stating $1.06 billion to $1.07 billion.

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评论26

  • 383061ef
    ·2021-12-02
    Good post
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    • koolgal
      Thanks
      2021-12-13
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  • GuSen
    ·2021-12-02
    Snowflake keep dropping on my head! Kaching $$$
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  • 魔王大大
    ·2021-12-02
    [财迷] 
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  • koolgal
    ·2021-12-02
    Good news for Snowflake investors as Christmas has come early!  This is in spite of the US stock indexes dropping. Amazing! 
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    • koolgal
      Thanks
      2021-12-02
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    • Teslawonder
      wow
      2021-12-02
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    • koolgal
      Thanks
      2021-12-02
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    查看更多 2 条评论
  • ping23
    ·2021-12-02
    Pls like
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  • Barbarazhao
    ·2021-12-02
    Impressive 
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  • YCTye
    ·2021-12-02
    Sad that zpon advice I sold it before the prices went up. Should have trusted warren buffet. 
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  • Pandachubby
    ·2021-12-02
    Crazy
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  • jingsheng
    ·2021-12-02
    cool
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  • WilliamFish
    ·2021-12-02
    o
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  • GoG
    ·2021-12-02
    Ok
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    • GoG
      ok
      2021-12-02
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  • 2021koon
    ·2021-12-02
    Missed!
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  • liangwee888
    ·2021-12-02
    ok
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  • 陈河马
    ·2021-12-02
    Wow
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    收起
  • liangwee888
    ·2021-12-02
    ok
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  • claratan
    ·2021-12-02
    Wow 👏 
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  • ccfccf
    ·2021-12-02
    Like 
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  • KlWong
    ·2021-12-02
    Like pls 
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  • 6702ded4
    ·2021-12-02
    Woah
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  • ASMH
    ·2021-12-02
    Like 
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    • ASMH
      L ike
      2021-12-03
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    • SUPERCHARGER
      Ok
      2021-12-02
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