Earnings

Snowflake (SNOW) earnings Q4 2021

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Frank Slootman, CEO, Snowflake

Source: CNBC

Snowflake stock fell as much as 7% then rebounded in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts’ estimates, and announced an end to its dual-share class structure, which could allow newer investors more control over the company’s direction.

The stock had already dropped about 9% during regular trading Wednesday, amid a broad sell-off in tech stocks.

Here’s how the company did:

  • Earnings: Loss of 70 cents per share
  • Revenue: $190.5 million, vs. $178.5 million as expected by analysts, according to Refinitiv.

The company’s revenue increased by 117% on an annualized…



Source cnbc.com

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