Why Snowflake's Stock Is Plummeting Thursday

Key Takeaways Investors are hammering Snowflake's stock despite quarterly results that topped analysts' expectations on the top and bottom lines. Snowflake CFO Brian Robins told analysts during the company's earnings call not to "read too much into" the company's fourth-quarter guidance, according to an AlphaSense transcript. "We will continue to invest in the business, but I think there is also substantial gains to be had in just how efficient we are as a company," CEO Sridhar Ramaswamy said, adding, "I do ...