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Why Did Snowflake Stock Soar 14.28%? Earnings Beat Expectations
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Aug 28, 2025 4:05 am ET1min read
Aime SummaryOn August 28, 2025, Snowflake's stock surged by 14.28% in pre-market trading, reflecting a significant boost in investor confidence.
Snowflake's stock experienced a notable increase following the release of its second-quarter earnings report, which exceeded Wall Street's expectations. The company reported earnings and revenue that surpassed analyst estimates, driving the stock price higher.
Snowflake's strong performance was highlighted by a year-over-year revenue growth of 31.8%, with earnings per share reaching $0.24, surpassing the forecasted $0.21. This robust financial performance underscores the company's continued execution of its strategic initiatives.
Additionally,
lifted its annual product revenue forecast, further boosting investor optimism. The company's adjusted earnings of $0.38 per share also beat analysts' consensus estimate of $0.27 per share, contributing to the positive market sentiment.
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