Snowflake's Mixed Earnings: Strong Growth, Stock Drop

Snowflakes Q3 earnings surpassed expectations with $1.21 billion in revenue, a 28.7% year-over-year increase. Despite this, stocks dropped 8.5% post-announcement. The companys cloud-based data platform and high customer retention rate drove success. Q4 revenue guidance stands at $1.20 billion, indicating steady demand.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.