Snowflake (SNOW) stock is trading notably lower Thursday after the cloud-based data platform reported mixed earnings results for its first quarter of fiscal 2025 and updated its full-year outlook.
In the three months ended April 30, Snowflake's revenue increased 33% year-over-year to $828.7 million, due mostly to a 34% jump in product revenue to $789.6 million. Its earnings per share (EPS) fell to 14 cents from 15 cents in the year-ago period.
