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

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