Snowflake Inc. (SNOW) PT Lowered to $200 at JPMorgan

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Go back to Snowflake Inc. (SNOW) PT Lowered to $200 at JPMorgan

Snowflake (SNOW) Shares Tumble 15% on Conservative Guidance, Analysts Worried About 'Consumption Unknowns'

May 26, 2022 6:47 AM EDT

Shares of Snowflake (NYSE: SNOW) are down more than 15% in premarket trading Thursday after the cloud-based data warehousing company reported its Q1 results.

SNOW reported a loss per share of 53c in Q1, compared to a loss per share of 70c in the year-ago period. The company reported $422.4 million in revenue, up 85% YoY, and above the analyst consensus of $413.9 million.

Product revenue totaled $394.4 million, up 84% YoY, topping the consensus... More