Snowflake (NYSE:SNOW) Third Quarter 2023 Outcomes

Key Monetary Outcomes

• Income: US$557.0m (up 67% from 3Q 2022).
• Web loss: US$200.9m (loss widened by 30% from 3Q 2022).
• US$0.63 loss per share (additional deteriorated from US$0.51 loss in 3Q 2022).

All figures proven within the chart above are for the trailing 12 month (TTM) interval

Snowflake Revenues Beat Expectations

Income exceeded analyst estimates by 3.4%. Earnings per share (EPS) was principally in step with analyst estimates.

Trying forward, income is forecast to develop 34% p.a. on common throughout the subsequent 3 years, in comparison with a ten% development forecast for the IT business within the US.

Efficiency of the American IT business.

The corporate’s shares are up 5.2% from every week in the past.

Threat Evaluation

You must at all times take into consideration dangers. Working example, we have noticed 2 warning indicators for Snowflake you have to be conscious of.

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