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Snowflake (SNOW) Stock Dips Despite Earnings Beat

Snowflake (SNOW) Stock Dips Despite Earnings Beat

Author:

Global Cryptocurrency

Published:

2026-02-26 10:45:02

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BTCCSquare news:

Snowflake delivered a strong fourth-quarter performance, surpassing analyst expectations with an EPS of $0.34 against a $0.27 estimate and revenue reaching $1.28 billion. Product revenue grew 30% year-over-year to $1.23 billion, yet the stock dipped slightly in after-hours trading.

The company secured significant multi-year deals worth $200M each with AI leaders OpenAI and Anthropic, signaling robust enterprise adoption. Market reaction remained muted, with shares down 32.65% over three months, as investors weighed execution against heightened expectations.

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