Snowflake (SNOW, Financial) experienced a significant stock price increase, rising over 28% to $166.8. This surge follows the company's announcement of a sales forecast that exceeded expectations, driven by strong customer reception of its new products.
In its fiscal third quarter of 2025, Snowflake reported revenue of $942 million, marking a 28.3% year-over-year increase and surpassing market expectations of $898 million. Additionally, the company's non-GAAP earnings per share stood at $0.20, beating the anticipated $0.15 per share.
