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HomeUS NewsSnowflake shares rise 14% on profit, revenue growth | Real Time Headlines

Snowflake shares rise 14% on profit, revenue growth | Real Time Headlines

The New York Stock Exchange welcomes snowflakes on December 21, 2021, the first day of winter. rang the opening bell.

New York Stock Exchange

snowflake Shares of the cloud analytics company surged 14% in after-hours trading on Wednesday after the cloud analytics company reported third-quarter earnings that beat estimates.

Here’s how the company performed compared to LSE analysts’ expectations:

  • Earnings per share: Adjusted 20 cents, expected 15 cents
  • income: $942 million vs. $897 million expected

Snowflake also announced a multi-year partnership with Anthropic on Wednesday. Amazon– Supported AI startups and OpenAI competitors.

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