Tag: $Snowflake Inc.

Snowflake (SNOW) raised its forecast for fiscal 2026 product revenue on Wednesday, banking on strong demand for its data analytics services, as enterprises prioritize artificial intelligence spending.

Snowflake (SNOW.N), raised its fiscal 2026 forecast for product revenue on Wednesday, betting on strong demand for its data analytics services as enterprises prioritize artificial intelligence spending.

Snowflake Inc. (SNOW) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

Snowflake Inc. gained 20% in premarket trading after the company gave a better-than-expected sales outlook, suggesting newly launched products are receiving a strong reception from customers.

Snowflake Inc shares fell 3% in Tuesday’s premarket session after the cloud computing company outlined plans to raise $2 billion in debt, as new CEO Sridhar Ramaswamy pushes forwards with plans to capitalize on the rise of artificial intelligence technologies.

However, shares of the firm fell more than 7% in extended trading. D.A. Davidson analyst Gil Luria attributed the drop to the company not pairing the rise in revenue projections with a rise in margin forecast.

In its first quarterly report since announcing the surprise departure of its chief executive, Snowflake Inc. upped its full-year forecast, to the delight of Wall Street.

Snowflake said CEO Frank Slootman, who took the company public in 2020, is retiring.

Snowflake shares were gaining ground Wednesday after the cloud data warehouse software company posted better-than-expected results for the quarter ended Oct. 31.

Snowflake  stock rose in late trading after the firm topped earnings expectations. Its outlook for the current quarter was a touch too light.

Nvidia announced Monday that it is partnering with Snowflake to offer generative AI technology to the cloud-based data warehousing company’s customers.

Shares of Snowflake Inc. sank nearly 13% in after-hours trading Wednesday after the data-software company topped expectations with its latest results but cut its outlook for the full year.