Snowflake Fiscal Q1 Adjusted Earnings, Revenue Rise; Shares Gain After-Hours
MT Newswires Live
May 28
Snowflake (SNOW) reported fiscal Q1 adjusted net income late Wednesday of $0.39 per diluted share, up from $0.24 a year earlier.
Analysts polled by FactSet expected $0.32.
Revenue for the quarter ended April 30 rose to $1.39 billion from $1.04 billion a year earlier.
Analysts surveyed by FactSet expected $1.32 billion.
The company expects fiscal Q2 product revenue of $1.415 billion to $1.420 billion. Analysts expect $1.37 billion.
The company now expects fiscal 2027 product revenue of $5.84 billion, up from the prior forecast of $5.66 billion. Analysts expect $5.67 billion.
Shares of Snowflake rose about 29% in after-hours activity.
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