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Benzinga
Benzinga
Business
Henry Khederian

Snowflake Soars This Week As Wall Street Cheers Blockbuster Report

SNOW Snowflake
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Snowflake Inc (NYSE:SNOW) shares are on track for an 18% weekly gain, fueled by a stellar second-quarter earnings report that surpassed analyst expectations.

What To Know: The company reported second-quarter revenue of $1.14 billion, beating the consensus estimate of $1.09 billion. Adjusted earnings per share came in at 35 cents, well ahead of the 27 cents analysts had projected. Looking ahead, Snowflake raised its full-year product revenue forecast to a range of $4.33 billion to $4.395 billion.

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