Snowflake Q3 EPS $0.25 Beats $0.16 Estimate, Sales $734.17M Beat $712.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snowflake Inc. (NYSE:SNOW) reported Q3 earnings of $0.25 per share, surpassing the consensus estimate of $0.16 by 56.25%. Year-over-year, this represents a 127.27% increase from $0.11 per share. Quarterly sales reached $734.17 million, exceeding estimates of $712.78 million by 3.00% and marking a 31.80% increase from $557.03 million in the same period last year.
November 29, 2023 | 9:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Snowflake's Q3 earnings and sales exceeded analyst expectations, with significant increases in both EPS and revenue compared to the same quarter last year.
Snowflake's better-than-expected earnings and sales figures are likely to instill investor confidence and could lead to a positive short-term reaction in the stock price. Strong year-over-year growth in both EPS and revenue indicates solid business performance, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100