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Snowflake shares pop 23% following revenue beat

by Editor August 27, 2022, 4:41 pm 1.5k Views

Snowflake shares pop 23% following revenue beat

A banner for Snowflake is displayed on its IPO day at the New York Stock Exchange on September 16, 2020.

Brendan McDermid | Reuters

Shares of Snowflake closed up 23% Thursday, a day after the company released second-quarter results that beat on the top line.

The cloud data platform provider reported $497 million in revenue for the quarter, more than the $467 million expected by analysts, according to Refinitiv. The largest chunk of Snowflake’s…

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