Earnings Recap – December 1st
Snowflake reported Q3 earnings on Wednesday. The company reported earnings of -$0.51 per share. Revenue was $334.4 million vs. $305.6 million as expected by Wall Street. Revenue rose 110% year-over-year. In Q4, the company expects revenue between $345 million to $350 million. Snowflake forecasted revenue of $1.126 billion to $1.131 billion for the fiscal year 2022.
Salesforce reported Q3 earnings on Wednesday. The company reported earnings of -$0.22 per share vs. analysts’ expectations of -$0.10 per share. Revenue rose to $380.1 million from $232.5 million a year ago. Analysts were expecting revenue of $363.6 million. In Q4, the company expects earnings of $0.19 to $0.21 per share and revenue of $406.5 million to $412.3 million.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.