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Benzinga
Benzinga
Business
Adam Eckert

UNCOVERED: Why snowflake shares are falling after hours | History Defined

Snowflake SNOW NYSE Snowflake Inc

Snowflake Inc (NYSE:SNOW) shares are falling in Wednesday's after-hours session after the company reported financial results and issued guidance below analyst estimates. 

Snowflake said fiscal first-quarter revenue increased 85% year-over-year to $422.37 million, which beat the estimate of $412.76 million, according to data from Benzinga Pro. The company reported a quarterly loss of 53 cents per share, which may not compare to estimates for earnings of 1 cent per share.

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