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)
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5-day change | 1st Jan Change | ||
130.3 USD | +1.44% | -2.95% | -34.51% |
Jun. 10 | Snowflake Insider Bought Shares Worth $9,989,012, According to a Recent SEC Filing | MT |
Jun. 07 | Jefferies Cuts Snowflake's Price Target to $160 From $210, Buy Rating Maintained | 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)
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-18.57% | 185B | |
+1.01% | 167B | |
+3.33% | 156B | |
+5.65% | 101B | |
+51.72% | 93.6B | |
+14.86% | 82.81B | |
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+1.43% | 34.89B |