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 anticipated EPS of $0.04 on revenue of $539.07M.
Snowflake shares are down 57.81% from the beginning of the year and are trading at $126.00 , down-from-52-week-high.
Snowflake shares lost 11.83% 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, compared to forecasts 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, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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