Investing.com - Snowflake reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snowflake announced earnings per share of $0.11 on revenue of $557M. Analysts polled by Investing.com EPS of $0.04 on revenue of $539.07M.
Snowflake 's are down 57.81% and is trading at $126.00 , still down 62.12% from its 52 week high of $377.26 set on Monday, December 13, 2021.
Snowflake shares lost 11.83% to trade at $126.00 in after-hours trade the report.
Snowflake follows other major Information Technology sector earnings this month
Snowflake's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
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