Snowflake (SNOW) Tops Q2 EPS by 12c
Snowflake (NYSE: SNOW) reported Q2 EPS of $0.22, $0.12 better than the analyst estimate of $0.10. Revenue for the quarter came in at $674 million versus the consensus estimate of $662.22 million.
The following table summarizes our guidance for the full-year fiscal 2024:
| Full-Year Fiscal 2024 |
| Full-Year Fiscal 2024 | |||||
| Amount | Year/Year |
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Product revenue | $2,600 | 34% |
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Product gross profit |
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| 76% | |||
Operating income |
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| 5% | |||
Adjusted free cash flow |
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| 26% | |||
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Weighted-average shares used in computing net income per share attributable to Snowflake Inc. common stockholders - diluted(2) |
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| 362 |
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(1) | We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures. | |
(2) | The potential impact of future repurchases under our existing stock repurchase program is not reflected in our guidance for weighted-average shares used in computing net income per share attributable to Snowflake Inc. common stockholders - diluted due to the uncertainty regarding, and the potential variability of, the timing and amount of repurchases. |
For earnings history and earnings-related data on Snowflake (SNOW) click here.