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Snowflake Soars 25% on Blockbuster Earnings Beat and Raised Cloud Outlook

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The Story

News Summary

  • Snowflake surged over 25% after posting blowout fiscal Q2 earnings, with revenue up 35% year-over-year to $1.55 billion and EPS beating forecasts by 77%.
  • Solid enterprise adoption and AI tailwinds boosted remaining performance obligations to $9 billion, prompting management to raise full-year revenue guidance.
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AMZN price history

245.96 +5.17% over the displayed period

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