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.
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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