03.03.2021 23:06:23
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Snowflake Q4 Loss Widens
(RTTNews) - Data cloud company Snowflake (SNOW) Wednesday reported fourth-quarter net loss of $198.9 million or $0.70 per share, wider than last year's loss of $83.3 million or $1.67 per share.
Revenues for the quarter were $190.5 million, up from $87.7 million last year.
Analysts polled by Thomson Reuters expected loss of $0.17 per share on revenues of $178.5 million.
Looking forward to the first quarter, the company expects product revenues of $195 million to $200 million.
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