Snowflake (SNOW) Stock Soars 16% After Q2 Earnings: Is It Still a Buy?
Snowflake shares jumped 16% in Thursday trading after the company beat expectations in its fiscal second quarter and raised its full-year outlook. The cloud-data firm's earnings were released the prior evening.
Why it matters — The strong quarterly results and raised outlook mark a notable shift in Snowflake's performance and forward guidance that SNOW investors will be watching closely.