The long-term earnings growth rate is pegged at 32.2%.Nova Measurings shares have returned 83% year to date compared with the Zacks Electronics-Semiconductors industrys growth of 36.7% and the Computer & Technology sectors return of 22.7%.The long-term earnings growth rate for AMD, a Zacks Rank #2 (Buy) stock, is currently pegged at 46.2%.AMD shares have returned 62.6% year to date compared with the Electronics-Semiconductors industrys growth of 36.7% and the Computer & Technology sectors return of 22.7%.Pinterest, currently sporting a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 52.73%. Changes in operating assets and liabilities, net of effect of business combinations: Net cash provided by (used in) operating activities, Capitalized internal-use software development costs, Cash paid for business combinations, net of cash acquired, Maturities and redemptions of investments, Net cash provided by (used in) investing activities, Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs, Proceeds from initial public offering and private placements, net of underwriting discounts and other offering costs (net of reimbursement received from the underwriters), Proceeds from early exercised stock options, Proceeds from issuance of common stock under the employee stock purchase plan, Proceeds from repayments of a nonrecourse promissory note, Repurchases of early exercised stock options, Payments of deferred purchase consideration for business combinations, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and restricted cash, Net increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of period, Cash, cash equivalents, and restricted cash at end of period, Stock-based compensation expense-related charges(1), Expenses associated with acquisitions and strategic investments, Cost of professional services and other revenue, Professional services and other gross profit (loss), Professional services and other gross margin. As of Oct 31, 2021, Snowflake had cash, cash equivalents and short-term investments of $3.89 billion.Free cash flow was $9.5 million in the reported quarter. Trillions will be spent. Find Snowflake earnings date updates and upcoming Snowflake earnings report Dec 07, 2022 as well as EPS Forecast and DE:5Q5 top analyst price target consensus for Snowflake Snowflake ( SNOW Quick Quote SNOW - Free Report) reported third-quarter fiscal 2022 non-GAAP earnings of 4 cents per share, beating the Zacks Consensus Estimate by 166.7%. The third quarter (Q3) release showed that this part of the cost base had more than tripled, year on year, to $74.1 million. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Revenue grew 110% year over year in the fiscal third quarter, which. Board, https://www.businesswire.com/news/home/20211201006020/en/, http://www.directeventreg.com/registration/event/2278651, Snowflake for Advertising, Media, & Entertainment, Product revenue of $312.5 million, representing 110% year-over-year growth, Remaining performance obligations of $1.8 billion, representing 94% year-over-year growth, 148 customers with trailing 12-month product revenue greater than $1 million. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding our performance, including but not limited to statements in the section titled Financial Outlook. The forward-looking statements contained in this release and the accompanying oral presentation are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. All Rights Reserved. These dilutive securities would be excluded from the weighted-average shares used in computing net loss per share attributable to common stockholders - diluted if we are in a non-GAAP net loss position. Analytics, Hands-on Enter your email to receive our newsletter. Snowflake, Inc. (SNOW ) Q3 2022 Earnings Call Corrected Transcript 01 -Dec -2021 1 -877 -FACTSET www.callstreet.com 3 . Sign up for free newsletters and get more CNBC delivered to your inbox. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Today, that discovery is still the heart of the Zacks Rank. 3 min read Snowflake SNOW reported third-quarter fiscal 2022 non-GAAP earnings of 4 cents per share, beating the Zacks Consensus Estimate by 166.7%. A wealth of resources for individual investors is available at www.zacks.com. Remaining performance obligations were $1.8 billion, representing 94% year-over-year growth. We want to hear from you. Snowflake has an Earnings ESP of 1.82% and a Zacks Rank #3. Its bipartisan, urgent, and inevitable. (1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. An investor presentation providing additional information and analysis can be found at https://investors.snowflake.com. R&D headcount has risen from under 300 to 440 people in a year and management need to clarify the benefits behind this investment strategy. The firm earned $497.25 million during the quarter, compared to analyst estimates of $466.03 million. 240%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2022, Nasdaq, Inc. All Rights Reserved. The data-analytics software company also provided fourth quarter product revenue guidance between $345 million and $350 million, above the FactSet consensus estimate of $315.9 million. . This would raise $2.7 billion. An audio replay of the conference call and webcast will be available two hours after its completion and will be accessible for 30 days on the Snowflake Investor Relations website. Earnings announcement* for SNOW: Dec 07, 2022 Snowflake Inc. is estimated to report earnings on 12/07/2022. The company had reported a loss of 28 cents in the year-ago quarter.Revenues of $334.4 million beat the consensus mark by 30% and jumped 109.5% year over year. For the full 2022 fiscal year Snowflake called for $1.126 billion to $1.131 billion in product revenue. Snowflake Reports Financial Results for the Third Quarter of Fiscal 2022, Value The figure was $312.5 million, up 110.4% year over year.Professional Services and other revenues contributed 6.6% to total revenues. As a result, we are presenting the weighted-average shares used in computing net income per share attributable to common stockholders - diluted in the non-GAAP column of the table above, giving effect to all dilutive securities (stock options, restricted stock units, and employee stock purchase rights under our 2020 Employee Stock Purchase Plan). The company now has 5,416 total customers and 148 customers with trailing 12-month product revenue greater than $1 million. Type a symbol or company name. In the previous quarter it delivered 121% growth. No cash balance or cash flow is included in the calculation. Transcribe Your Own Content. A reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. https://www.businesswire.com/news/home/20211201006020/en/, Investor Contact Remaining performance obligations were $1.8 billion, representing 94% year-over-year growth. That guidance was also above the $1.06 billion and $1.07 billion FactSet consensus. Snowflake's amended filing on September 8 th shows the company will be priced at $75 to $85 per share with a valuation between $20.9 billion and $23.7 billion. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management's good faith belief as of that time with respect to future events. (1) Stock-based compensation expense-related charges included approximately $19.1 million of employer payroll tax-related expenses on employee stock transactions. Duolingo, Inc. (DUOL) delivered earnings and revenue surprises of 22.03% and 0.96%, respectively, for the quarter ended September 2022. . Bureau, Marketing We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Available on all three major clouds, Snowflake supports a wide range of workloads, such as data warehousing, data lakes, and data science. Q3 2022 Q4 2022 Q1 2023 Q2 2023 . Fiscal year guidance is for revenue of $2.57 billion to $2.58 billion . Earnings: Loss of 51 cents per share Revenue: $334.4 million, vs. $305.6 million expected by analysts, according to Refinitiv. Snowflake, Customer CrowdStrike has underperformed the Computer & Technology sectors return of 26.2% year to date.Coupa Software COUP has an Earnings ESP of +41.18% and a Zacks Rank of 3.Coupa shares have declined 40.1% year to date compared with the Zacks Internet Software industrys decline of 15%. Snowflake saw momentum accelerate in Q3, with product revenue growing 110% year-on-year to $312.5 million. Snowflakes third-quarter fiscal 2022 results are expected to reflect the ongoing transition from cloud-based repositories and on-premise data centers to the Data Cloud.Strong adoption of its cloud-native solutions from Media and telecom, technology, financial services and health care customers is expected to have aided Snowflakes top-line growth in the to-be reported quarter. By providing your email address below, you are providing consent to Snowflake to send you the requested Investor Email Alert updates. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.16. GAAP net cash provided by (used in) operating activities, Less: purchases of property and equipment, Less: capitalized internal-use software development costs, Add: net cash paid on payroll tax-related items on employee stock transactions, View source version on businesswire.com: When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Copy and paste multiple symbols separated by spaces. Joining me are Frank Slootman, our Chairman and Chief Executive Officer and Mike Scarpelli, our Chief Financial Officer. 2022 CNBC LLC. Product revenue for the quarter was $312.5 million, representing 110% year-over-year growth. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. If you experience any issues with this process, please contact us for further assistance. That would represent year-over-year growth between 94% and 96%. revise or update any forward-looking statements to reflect events or circumstances after the date hereof. Q3 2022 Earnings Call Nov 09, 2022, 8:00 a . Thousands of customers across many industries, including 223 of the 2021 Fortune 500 as of October 31, 2021, use Snowflake Data Cloud to power their businesses. Snowflake FY22 Q3 Earnings Infographic (Graphic: Snowflake) Revenue for the quarter was $334.4 million, representing 110% year-over-year growth. If you experience any issues with this process, please contact us for further assistance. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Data is a real-time snapshot *Data is delayed at least 15 minutes. Snowflake's revenue grew 119% year over year in its fiscal third quarter, which ended on Oct. 31, according to a statement. Same Quarter Last Year. This information is provided for illustrative purposes only. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Further information on these and additional risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release are included under the caption Risk Factors and elsewhere in our Form 10-Q for the fiscal quarter ended July 31, 2021 and other filings and reports we make with the Securities and Exchange Commission from time to time, including our Form 10-Q that will be filed for the fiscal quarter ended October 31, 2021. The upcoming earnings date is derived from an algorithm based on a company's. SNOW Earnings Date and Information Snowflake last announced its earnings data on August 24th, 2022. Product revenue for the quarter was $312.5 million, representing 110% year-over-year growth. Analytics, Why But with more data migrating to the Data Cloud, customers can also consume and exchange more data. Revenue for the quarter was $334.4 million, representing 110% year-over-year growth. ET SNOW earnings call for the period ending September 30, 2021. You can uncover the best stocks to buy or sell before theyre reported with our Earnings ESP Filter. The Zacks Consensus Estimate for the top line is currently pegged at $304 million, up 90.5%. To date, there are over 175 Powered by Snowflake companies who have access to technical resources to design their applicati ons . Find Snowflake earnings date updates and upcoming Snowflake earnings report Dec 07, 2022 as well as EPS Forecast and SNOW top analyst price target consensus for Snowflake Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Snowflake has an Earnings ESP of 1.82% and a Zacks Rank #3. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change. Investors and participants can register for the call in advance by visiting http://www.directeventreg.com/registration/event/2278651. You can sign up for additional alert options at any time. Try Rev and save time transcribing, captioning, and subtitling. Losses narrowed from. The company's net loss decreased to $154.9 million, down from $168.9 million a year prior. Cash balance or cash flow is included in the previous quarter it delivered 121 % growth $ billion... 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