Could Snowflake Stock Help You Become a Millionaire?
Snowflake's (NYSE: SNOW) stock soared 33% on Nov. 21 after the cloud-based data warehouse provider posted its latest earnings report. For the third quarter of fiscal 2025, which ended on Oct. 31, its revenue rose 28% year over year to $942.1 million and exceeded analysts' expectations by $43.6 million. Its adjusted net income declined 19% to $73.2 million, or $0.20, but cleared the consensus forecast by a nickel.
For the full year, Snowflake expects its product revenue (which accounts for most of its top line) to rise 29%. That's higher than its previous outlook for 26% growth, but it would still represent its slowest annual growth rate since its initial public offering (IPO) in 2020.
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Source Fool.com
