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.

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

Mar 5, 2021, 11:24pm UTC
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.