The company forecast current-quarter product revenue in the range of $745 million to $750 million, below analysts' average estimates of $765 million, according to LSEG data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
164.3 USD | +1.52% | +3.00% | -18.66% |
(Reuters) - Snowflake forecast first-quarter product revenue below Wall Street estimates on Wednesday, on expectation that customers would cut back on spending in an uncertain economy, sending its shares down about 22% in extended trading.
The company forecast current-quarter product revenue in the range of $745 million to $750 million, below analysts' average estimates of $765 million, according to LSEG data.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shailesh Kuber)
1st Jan change | Capi. | |
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-18.66% | 54.05B | |
-13.48% | 191B | |
+1.53% | 167B | |
+3.37% | 155B | |
+8.31% | 103B | |
+35.49% | 83.67B | |
+11.31% | 82.06B | |
-6.43% | 71.76B | |
-8.68% | 43.53B | |
+9.99% | 38.62B |