Snowflake Earnings Beat Estimates. The Stock Is Still Falling.
Market Intelligence Analysis
AI-PoweredSnowflake's Q3 earnings beat estimates, with adjusted earnings of 35 cents a share and revenue of $1.21 billion, exceeding analyst expectations of 31 cents a share and $1.18 billion, yet the stock is still falling in after-hours trading.
Market impact analysis based on neutral sentiment with 75% confidence.
Article Context
Snowflake reported earnings and revenue above Wall Street expectations late Wednesday, but the stock was still falling in after-hours trading. Snowflake posted third-quarter adjusted earnings of 35 cents a share on revenue of $1.21 billion. Analysts surveyed by FactSet were expecting earnings of 31 cents a share on revenue of $1.18 billion.
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