SNOW - Why Snowflake Stock Is Heating Up Thursday | Benzinga
Snowflake Inc (NYSE: SNOW) shares are moving higher Thursday after the company reported better-than-expected financial results. Multiple analysts also raised price targets following the company's quarterly results.
- Q3 Revenue: $734.17 million beat estimates of $712.78 million
- Q3 EPS: 25 cents beat estimates of 16 cents
Total revenues were up 32% year-over-year, product revenue was up 34% year-over-year, remaining performance obligations were up 23% year-over-year. Snowflake said it ended the quarter with 436 customers with ...