Revenue was better than expected, but the tech stock fell after executives said on an earnings call that growth moderated in April.
Although the revenue and EPS for Snowflake (SNOW) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Snowflake stock jumped on its Q1 report but gave up its gains. Earnings were below views, but sales and outlook beat.