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What's Going On With Snowflake Stock Monday?
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What's Going On With Snowflake Stock Monday?
Aug 12, 2024 9:09 AM

Snowflake Inc. ( SNOW ) shares are trending on Monday. The technology company is scheduled to release earnings next week on Wednesday.

The Details: Snowflake is expected to release earnings for the 2025 fiscal year second quarter. Analysts estimate an EPS of 16 cents and revenue of $849.70 million.

For the last earnings report, Snowflake missed analysts estimate for EPS by 22%, however, the company beat analysts estimate for revenue by 5%. The company has beat analysts estimate for revenue every quarter going back to 2016. Its record for beating EPS estimates is not as solid.

What Else: Last week TransUnion ( TRU ) announced its partnership with Snowflake to bring TruIQ Data Enrichment to Snowflake Marketplace. TruIQ Data Enrichment will grant joint customers continuous access to pseudonymized TransUnion ( TRU ) credit data within the Snowflake AI Data Cloud.

“TransUnion and Snowflake share the common understanding that control of data use and the best possible protection of that data is a winning combination for our customers,” said Kieran Kennedy, global head, strategic data cloud principal, Snowflake.

See Also: DirecTV Transforms Into Streaming Service, Satellite Dish No Longer Needed

SNOW Price Action: Snowflake shares are trading 1.59% lower at $122.45 per data from Benzinga Pro.

Image: Photo via Shuttershock

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