Snowflake (SNOW) Misses Q3 EPS by 75c, Revenue Beats, Offers Q4 Guidance

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Go back to Snowflake (SNOW) Misses Q3 EPS by 75c, Revenue Beats, Offers Q4 Guidance

Snowflake (SNOW) Reports Revenue Growth of 119% in First Quarter as Public Company, Analysts Raise PTs

December 3, 2020 7:28 AM EST

In 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