Snowflake Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS In Line

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).
NYSE:SNOW Earnings and Income Development December 2nd 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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Discover out whether or not Snowflake is probably over or undervalued by testing our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

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