Snowflake Q1 Sales $623.60M Beat $608.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snowflake reported Q1 sales of $623.60 million, beating the analyst consensus estimate of $608.36 million by 2.51% and marking a 47.64% increase YoY.
May 24, 2023 | 8:07 pm
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POSITIVE IMPACT
Snowflake's Q1 sales surpassed analyst estimates by 2.51% and grew 47.64% YoY.
Snowflake's Q1 sales beat analyst estimates and showed significant YoY growth, which is likely to have a positive impact on the stock price in the short term. Investors may view this as a sign of strong performance and potential future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100