Snowflake Q2 Adj. EPS $0.22 Beats $0.10 Estimate, Sales $674.02M Beat $662.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snowflake (NYSE:SNOW) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.10 by 150%. This is a 2400% increase from the same period last year. The company also reported quarterly sales of $674.02 million, beating the analyst consensus estimate of $662.24 million by 1.78%, a 35.55% increase from the previous year.
August 23, 2023 | 8:06 pm
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POSITIVE IMPACT
Snowflake's Q2 earnings and sales exceeded expectations, with a significant YoY increase. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
Snowflake's Q2 earnings and sales have significantly exceeded analyst estimates, indicating strong financial performance. This could increase investor confidence in the company's profitability and growth, potentially leading to increased demand for the stock and a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100