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Benzinga
Benzinga
Business
Wayne Duggan

'Near-Term Pain For Long-Term Gain': 4 Snowflake Analysts React To Mixed Earnings Report

Snowflake SNOW NYSE Snowflake Inc

Snowflake Inc (NYSE:SNOW) shares traded lower by 17% on Thursday after the company reported slowing revenue growth in the fourth quarter.

On Wednesday afternoon, Snowflake reported an adjusted fourth-quarter EPS loss of 43 cents, missing consensus analyst estimates of a 2-cent profit. Revenue for the quarter was $383.8 million, beating analyst estimates of $372.7 million. Revenue was up 101% from a year ago.

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