Snowflake Inc. reports results for the quarter ended in October - Earnings Summary

Published on November 30, 2022 04:00 PM PST

Snowflake Inc. reports results for the quarter ended in October - Earnings Summary — Image source: ©2022 Kalkine Media®

* Snowflake Inc. reported quarterly adjusted earnings of 11 cents per share for the quarter ended in October. The mean expectation of thirty three analysts for the quarter was for earnings of 4 cents per share. * Revenue rose 66.6% to $557.03 million from a year ago; analysts expected $539.10 million. * Snowflake Inc.'s reported EPS for the quarter was a loss of 63 cents. * The mean earnings estimate of analysts had fallen by about 2.9% in the last three months. * In the last 30 days two analysts negatively revised earnings estimates * Snowflake Inc. shares had fallen by 19.7% this quarter and lost 59.7% so far this year. * The company reported a quarterly loss of $200.94 million. * Wall Street's median 12-month price target for Snowflake Inc. is $200.50 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." This summary was machine generated from Refinitiv data December 1 at 12:00 a.m. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Oct. 31 2022 0.04 0.11 Beat Jul. 31 2022 -0.01 -0.08 Missed Apr. 30 2022 0.01 0.08 Beat Jan. 31 2022 0.03 0.12 Beat

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