SNOW - Snowflake Stock Melts On Q4 Earnings CEO Transition: The Details | Benzinga
Snowflake Inc (NYSE:SNOW) reported fourth-quarter financial results Wednesday after the close. Here’s a rundown of the report.
Q4 Earnings: Snowflake’s fourth-quarter revenue increased 32% year-over-year to $774.7 million, which beat the consensus estimate of $759.1 million, according to Benzinga Pro. The data cloud company reported quarterly earnings of 35 cents per share, which beat analyst estimates of 18 cents per share.
Product revenue came in at $738.1 million, up 33% year-over-year. Remaining performance obligations totaled $5.2 billion, up 41% year-over-year. Snowflake said it ...