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Watch These Snowflake Stock Price Levels After Post-Earnings Drop
Investopedia· 2024-08-22 03:45
Key TakeawaysShares in cloud data-warehouse software company Snowflake dropped 8% in extended trading on Wednesday after a widening net loss and rising costs overshadowed quarterly results that came in ahead of expectations. The share price broke out from a falling wedge pattern earlier this month, but that move looks to be tested following the stock's projected post-earnings fall.Snowflake shares may find buying interest on the chart at key price levels including $123, $108, and $95. Shares in cloud data-w ...
Snowflake(SNOW) - 2025 Q2 - Earnings Call Transcript
2024-08-22 01:07
Snowflake Inc. (NYSE:SNOW) Q2 2025 Earnings Conference Call August 21, 2024 5:00 PM ET Company Participants Jimmy Sexton - Head of IR Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Christian Kleinerman - EVP of Product Conference Call Participants Keith Weiss - Morgan Stanley Raimo Lenschow - Barclays Mark Murphy - JPMorgan Kirk Materne - Evercore Kash Rangan - Goldman Karl Keirstead - UBS Brent Thill - Jefferies Brad Zelnick - Deutsche Bank Mike Cikos - Needham & Company Joel Fishbein - Truist Patrick Colvil ...
SNOW Stock Earnings: Snowflake Beats EPS, Beats Revenue for Q2 2025
Investor Place· 2024-08-22 00:53
Snowflake (NYSE:SNOW) just reported results for the second quarter of 2025.Snowflake reported earnings per share of 18 cents. This was above the analyst estimate for EPS of 16 cents.The company reported revenue of $868.82 million.This was 2.08% better than the analyst estimate for revenue of $851.16 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and ...
Compared to Estimates, Snowflake (SNOW) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-21 22:30
For the quarter ended July 2024, Snowflake Inc. (SNOW) reported revenue of $868.82 million, up 28.9% over the same period last year. EPS came in at $0.18, compared to $0.22 in the year-ago quarter.The reported revenue represents a surprise of +2.26% over the Zacks Consensus Estimate of $849.65 million. With the consensus EPS estimate being $0.15, the EPS surprise was +20.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...
Snowflake Inc. (SNOW) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-21 22:15
Snowflake Inc. (SNOW) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.14, delivering a surprise of -17.65%.Over the last four quarters, the company has ...
Snowflake Reports Widening Losses, Sending Its Stock Lower
Investopedia· 2024-08-21 21:40
Key TakeawaysSnowflake's second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The company's outlook also missed analysts' estimates compiled by Visible Alpha.Snowflake CEO Sridhar Ramaswamy highlighted the company's opportunities related to artificial intelligence. Snowflake's (SNOW) second-quarter revenue grew from the year-ago period and beat analysts' projections, but losses widened as costs rose. The data cloud company reported second-qua ...
Snowflake(SNOW) - 2025 Q2 - Quarterly Results
2024-08-21 20:07
Snowflake Reports Financial Results for the Second Quarter of Fiscal 2025 • Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth • Net revenue retention rate of 127% • 510 customers with trailing 12-month product revenue greater than $1 million • 736 Forbes Global 2000 customers • Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth • Authorized the repurchase of an additional $2.5 billion under our stock repurchase program thro ...
Snowflake Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2024-08-21 16:02
Snowflake Inc. SNOW is expected to release earnings results for its second quarter, after the closing bell on Wednesday, Aug. 21.Analysts expect the Bozeman, Montana-based company to report quarterly earnings at 16 cents per share, down from 22 cents per share in the year-ago period. Snowflake is projected to report quarterly revenue of $849.7 million, according to data from Benzinga Pro.On May 22, Snowflake said first-quarter revenue increased 33% year-over-year to $828.7 million, beating the consensus est ...
Warren Buffett's Berkshire Hathaway Just Sold Snowflake Stock. You'll Never Believe Which Beaten-Down Value Stock It Bought Instead
The Motley Fool· 2024-08-21 13:45
One of these businesses is more capital-intensive than the other.On Aug. 14, Warren Buffett's conglomerate Berkshire Hathaway (BRK.A 0.27%) (BRK.B 0.17%) released its updated stock holdings for the second quarter of 2024. The biggest headline-grabbing moves were that it sold all of its shares of Snowflake (SNOW 0.22%) and started a roughly $260 million position in Ulta Beauty (ULTA 2.85%). But both of these moves make perfect sense for Berkshire.To be clear, Berkshire Hathaway has plenty of money -- it had ...
3 Red Flags for Snowflake's Future
The Motley Fool· 2024-08-21 09:35
It's hard to love the cloud-based data warehouse company right now.It's been a tough four years for Snowflake (SNOW 0.38%). The cloud-based data warehousing company went public at $120 per share on Sept. 16, 2020, more than doubled on its first trade to $245, and touched a record high of $401.89 on Nov. 16, 2021.At the time, the bulls were impressed by its triple-digit percentage growth rates and investments in its IPO from Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and Salesforce (NYSE ...