Dear Etorians,
Dear Etorians,
Cloud-based data storage and analytics service specialist $SNOW reported better-than-expected third-quarter results. On an adjusted basis, the group generated earnings per share of 25 cents, well above the consensus of 16 cents.
Product revenue jumped 32% to $734.20 million compared to expectations of $713.8 million.
For the fourth quarter, Snowflake is targeting revenue between $716 million and $721 million, an increase of 29% to 30%. The market targets only $696 million.
The stcok jumped 8% at the opening of the markets.