Snowflake jumps 24.3% in premarket after upbeat Q2 results
Snowflake rose 24.3% to $380 in premarket trading after reporting second-quarter revenue of $1.55 billion and adjusted earnings of 62 cents a share, both above analyst estimates.
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Snowflake rose 24.3% to $380 in premarket trading after reporting second-quarter revenue of $1.55 billion and adjusted earnings of 62 cents a share, both above analyst estimates.
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Adj EPS 55C (est 51C) -Adj. EBITDA $1.90B (est $1.78B) -Rev. $8.97B (est $8.69B) -CAPEX $459M (est $488M) -Sees Data Center Solutions ARR To Exceed $2B End Of '27
() -- The oilfield services sector is facing near-term uncertainty from ongoing macro issues, with Q2 earnings season likely to be "tricky" for the sector, BofA Securities said in a Wednesday note. "Geopolitical risk premium in oil price is here to stay," the investment firm said, noting the challenges of resuming pre