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Benzinga

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Adam Eckert

MYSTERIOUS: Why snowflake stock is falling today - You Need To See This

Snowflake NYSE Snowflake Inc

Snowflake Inc (NYSE:SNOW) shares are trading lower Thursday 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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