Snowflake shares fall on guidance despite strong third quarter earnings report

Snowflake Inc. (NYSE: SNOW) posted a strong third-quarter showing with revenue up 29% year‑over‑year to $1.21 billion and adjusted earnings of $0.39 per share, beating consensus estimates. However, the company’s stock dropped nearly 9% in early trading as it guided for a slower growth pace next quarter — projecting product revenue growth of 27%, down from the 29% seen this quarter. Despite the strong quarter, the weaker Q4 outlook and softer large‑deal bookings are causing investor concern and triggering the share price dip. #Snowflake #EarningsReport #TechStocks #MarketUpdate #SlimScan #GrowthStocks #CANSLIM