Snowflake's third-quarter results stir AI data company's shares into life
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Snowflake Inc reported strong third-quarter results with a 28% year-over-year increase in revenue, reaching $942.1 million. This positive performance has helped the company's shares recover some of their year-to-date losses in pre-market trading.
November 21, 2024 | 11:30 am
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Snowflake Inc's third-quarter revenue increased by 28% year-over-year to $942.1 million, leading to a recovery in its share price during pre-market trading.
The significant year-over-year revenue growth of 28% indicates strong business performance, which is a positive signal for investors. This has led to a recovery in Snowflake's share price in pre-market trading, suggesting a likely short-term upward movement in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100