Snowflake shares are trading lower after the company reported Q1 financial results and lowered FY24 product revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Snowflake reported Q1 financial results and lowered its FY24 product revenue guidance, causing its shares to trade lower.
May 25, 2023 | 12:21 pm
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NEGATIVE IMPACT
Snowflake's Q1 financial results and lowered FY24 product revenue guidance led to a decline in its share price.
Snowflake reported its Q1 financial results, which were followed by a reduction in its FY24 product revenue guidance. This negative news directly impacts the company's outlook and has caused its share price to decline.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100