Snowflake has excellent Q3 earnings. Revenue soared 110% to $ 334.4 million, beating market forecasts of $ 305.6 million in sales. For the quarter, the company posted a loss of $ 0.51 per share, outperforming market consensus. estimated the expected loss at $ 0.60 per share. The figure was also significantly better than last year’s figure of $ 1.01 loss per share. Snowflake’s management improved its forecast for fourth-quarter revenue from $ 345mn to $ 350mn, beating market expectations of $ 316mn. We are impressed by the good financials and have revised our fair share price estimate upwards from $ 375 to $ 450.
Snowflake doubles its quarterly revenue
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