Snowflake Stock Eyes Best Day Ever After Earnings
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Snowflake Inc (NYSE:SNOW) stock surged 31.1% following a third-quarter earnings beat and better-than-expected revenue, marking its best-ever single-day percentage gain.
November 21, 2024 | 3:30 pm
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Snowflake Inc's stock price jumped 31.1% after the company reported a third-quarter earnings beat and revenue of $942 million, exceeding expectations.
The significant stock price increase is directly linked to Snowflake's better-than-expected earnings and revenue, which positively surprised investors, leading to a strong market reaction.
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