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Snowflake reports Q3 product revenue up 29% YoY to $1.16B, and forecasts Q4 adjusted operating income margin below estimates; SNOW drops 7%+ after hours (Brody Ford/Bloomberg) from Techmeme RSS feed.
Snowflake reports Q3 product revenue up 29% YoY to $1.16B, and forecasts Q4 adjusted operating income margin below estimates; SNOW drops 7%+ after hours (Brody Ford/Bloomberg)
Brody Ford / Bloomberg:
Snowflake reports Q3 product revenue up 29% YoY to $1.16B, and forecasts Q4 adjusted operating income margin below estimates; SNOW drops 7%+ after hours — Snowflake Inc. gave an outlook for operating margin that fell short of analysts' estimates, raising concerns among investors about the profitability of new AI-based tools.