FMP
Nov 30, 2023 4:50 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Snowflake (NYSE:SNOW) saw its shares rise over 5% intra-day today following the announcement of its third-quarter results.
The company reported an earnings per share (EPS) of $0.25, exceeding the Street estimate of $0.16. Its revenue increased by 32% year-over-year, reaching $734.2 million, which was higher than the expected $713.36 million. Notably, product revenue rose by 34% from the previous year, totaling $698.5 million.
Snowflake's customer base has also shown impressive growth. The company now boasts 436 customers with trailing 12-month product revenues exceeding $1 million, a 52% increase year-over-year. Additionally, 647 of its customers are from the Forbes Global 2000 list, marking a 10% increase from the previous year.
Looking ahead to the fourth quarter, Snowflake anticipates its product revenue to be in the range of $716 million to $721 million, suggesting a 29-30% year-over-year growth. For the full fiscal year, the company expects its product revenue to reach $2.65 billion, indicating a substantial 37% growth compared to the previous year.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...