Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter

Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/05/snowflake-latest-enterprise-company-to-feel-wall-streets-wrath-after-good-quarter/

Snowflake reported earnings this week, and the results look strong with revenue more than doubling year-over-year.

However, while the company’s fourth quarter revenue rose 117% to $190.5 million, it apparently wasn’t good enough for investors, who have sent the company’s stock tumbling since it reported Wednesday after the bell.