Snowflake Stock Soars 7.63% on Strong Q1 Earnings

Mover TrackerThursday, May 22, 2025 4:02 am ET
1min read
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On May 22, 2025, Snowflake's stock price surged by 7.63% in pre-market trading, reflecting strong investor confidence in the company's recent performance and future prospects.

Snowflake Inc. reported impressive first-quarter earnings, with revenue reaching $1.04 billion, a 26% increase from the previous year. This significant growth surpassed analyst estimates, contributing to the stock's upward momentum. The company's adjusted net income also saw a notable rise, reaching $87.3 million, or 24 cents per share.

In addition to its strong revenue performance, Snowflake's product revenue guidance for the June quarter exceeded expectations. This positive outlook further bolstered investor confidence, driving the stock price higher. The company's earnings per share (EPS) for the quarter came in at $0.24, beating consensus estimates.

Snowflake's robust financial performance and optimistic outlook for the future have positioned the company as a leader in the AI data cloud sector. The recent surge in stock price underscores the market's recognition of Snowflake's growth potential and strategic advantages.

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