SNOW - Snowflake Stock Is Falling Thursday: What's Going On? | Benzinga
Snowflake Inc (NYSE:SNOW) shares are falling Thursday after the company reported fourth-quarter results and announced a CEO transition. One analyst downgraded the stock following the print.
- Q4 Revenue: 774.7 million, beat estimates of $759.1 million
- Q4 EPS: 35 cents, beat estimates of 18 cents
Total revenues were up 32% on a year-over-year basis. Product revenue came in at $738.1 million, up 33% year-over-year, and remaining performance obligations totaled $5.2 billion, up 41% year-over-year.
The company ended the quarter with 461 customers with trailing 12-month product revenue of ...