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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.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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