Snowflake Reports Financial Results for the Third Quarter of Fiscal 2021
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Snowflake (SNOW) Reports Revenue Growth of 119% in First Quarter as Public Company, Analysts Raise PTs
December 3, 2020 7:28 AM ESTIn its first quarterly report since going public, Warren Buffett-backed Snowflake (NYSE: SNOW) posted a loss of $1.01 per share, which was narrower than the loss of $1.92 per share in the year-ago quarter. However, the loss was wider than the $0.26 loss per share expected by analysts.
Revenue was reported at $159.6 million, representing a 119% revenue growth on a year-to-year basis, against 121% revenue growth recorded in the prior quarter. The top-line results beat the consensus of $147.52 million.
We are pleased with our performance this first quarter as a public company, Snowflake CEO, Frank Slootman said. The... More
Snowflake (SNOW) Misses Q3 EPS by 75c, Revenue Beats, Offers Q4 Guidance
December 2, 2020 4:03 PM ESTSnowflake (NYSE: SNOW) reported Q3 EPS of ($1.01), $0.75 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $159.62 million versus the consensus estimate of $147.52 million.
GUIDANCE:
Snowflake sees Q4 2021 revenue of $162-167 million, versus the consensus of $176.8... More
