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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Snowflake Inc | NYSE:SNOW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.44 | 0.33% | 134.36 | 135.73 | 133.55 | 133.89 | 4,878,798 | 20:50:00 |
From Jun 2023 to Jun 2024
By Ben Glickman
Snowflake lifted its full-year outlook for product revenue after the company's sales surged more than expected in the fiscal third quarter.
The data-cloud company expects product revenue to rise 37% to $2.65 billion in fiscal 2024, compared with previous guidance of $2.6 billion. Analysts polled by FactSet expect full-year product revenue of $2.59 billion.
Snowflake's product revenue rose 34% in the third quarter as the company's top and bottom line results outperformed analysts' expectations.
Snowflake is expecting product revenue of $716 million to $721 million in the fiscal fourth quarter, compared with the $695.6 million forecast by analysts, according to FactSet.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 29, 2023 16:38 ET (21:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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