The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter.
Shares of cloud data platform provider Snowflake slid more than 12% in extended trading on Wednesday after the company issued weak guidance in its earnings report and said it will acquire search startup Neeva for an undisclosed amount.
Here’s how the company did:
- Earnings per share: 15 cents, adjusted, vs. 5 cents expected by analysts, according to Refinitiv
- Revenue: $624 million vs. $608 million expected by analysts, according to Refinitiv
The company’s revenue grew 48% year over year in the first quarter of fiscal 2024, but that growth was lower…