Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, net loss swelled to $203.2M from $92.6M last year; year to date, stock is down ~17% (Jordan Novet/CNBC)

Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, net loss swelled to $203.2M from $92.6M last year; year to date, stock is down ~17% (Jordan Novet/CNBC)




Jordan Novet / CNBC:

Snowflake beats with Q1 revenue of $228.9M, up 110% YoY, net loss swelled to $203.2M from $92.6M last year; year to date, stock is down ~17%  —  – Snowflake’s revenue beat estimates for the quarter as losses mounted.  — Goldman Sachs upgraded Snowflake stock to buy earlier this month as its performance trailed that of the Nasdaq.





Source link

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertismentspot_img

Instagram

Most Popular