Why Snowflake Stock Was Sliding Today
Shares of Snowflake (NYSE: SNOW) were sliding Thursday morning after the cloud-based data warehousing company posted quarterly results that beat analysts' estimates, but didn't seem to be enough to please investors. Investors also appeared disappointed with the company's falling profits and management's guidance.
As of 11:10 a.m. ET, the stock was down by 13%.
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Source Fool.com