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 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 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 ...

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 ...

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 ...

Berkshire had owned shares of Snowflake since its 2020 IPO.Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) are some of the best investors ever. They are known for their value investing philosophy, which is why it may have surprised some people when they took a position in a high-flying growth company like Snowflake (SNOW 0.38%) when it debuted on the public markets in late 2020.However, as of June 30, Berkshire no longer owns Snowflake shares, as it sold them in the second quar ...

Snowflake Inc SNOW stock is down 30.43% year-to-date and 13.37% over the past year.Let’s look at what the charts indicate for the Bozeman, Montana-based company ahead of its second-quarter earnings on Wednesday, and how the stock currently maps against Wall Street estimates.Snowflake Longer-Term Outlook Is Less OptimisticSnowflake faces slight bullish pressure, though its overall trend remains relatively stagnant. See below. Chart created using Benzinga ProThe stock is trading at $131.42, slightly above its ...

Snowflake (SNOW) is set to report its second-quarter fiscal 2025 results on Aug 21.The Zacks Consensus Estimate for revenues is pegged at $848.15 million, indicating an increase of 25.83% from the year-ago quarter’s reported figure.The consensus mark for earnings has been stable in the past 30 days at 15 cents per share. The figure suggests a decrease of 31.82% from the year-ago quarter’s levels.SNOW’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average surprise be ...

Wall Street analysts expect Snowflake Inc. (SNOW) to post quarterly earnings of $0.15 per share in its upcoming report, which indicates a year-over-year decline of 31.8%. Revenues are expected to be $848.15 million, up 25.8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential t ...

DNY59/iStock via Getty Images Intro & Thesis In May 2024, I issued a "Sell" rating for Snowflake Inc. (NYSE:SNOW) stock when it was trading at $147 apiece. Since then, despite some serious volatility, the broader market, as represented by the S&P 500 index (SP500) (SPY), has grown by over 5%. However, the SNOW stock has continued its downward trend, which started with the Q4 FY2024 report released in late February 2024. TrendSpider Software, SNOW, the author's notes I was basing my thesis on the slowing ...