The company forecast current-quarter product revenue in the range of $745 million to $750 million, below analysts' average estimates of $765 million, according to LSEG data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)
Real-time Estimate
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5-day change | 1st Jan Change | ||
126.9 USD | -2.87% |
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-1.02% | -36.10% |
Jun. 17 | Sector Update: Tech Stocks Higher Late Afternoon | MT |
Jun. 17 | Hackers Demanding as Much as $5 Million From Snowflake Clients | MT |
(Reuters) - Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday, on expectation that customers would cut back on spending in an uncertain economy, sending its shares down about 22% in extended trading.
The company forecast current-quarter product revenue in the range of $745 million to $750 million, below analysts' average estimates of $765 million, according to LSEG data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)
1st Jan change | Capi. | |
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-36.10% | 43.75B | |
-18.57% | 180B | |
+0.57% | 166B | |
+4.99% | 100B | |
+52.93% | 95.02B | |
+15.47% | 84.39B | |
-2.90% | 73.81B | |
-1.97% | 46.39B | |
-1.60% | 34.37B | |
-2.65% | 33.57B |