Market Mover | Snowflake Shares Down Over 11% After Announcing Q2 Financial Results
Market Mover | Snowflake Shares Down Over 11% After Announcing Q2 Financial Results
August 22, 2024 - $Snowflake (SNOW.US)$ shares continued to decrease over 12% to $117 in trading on Thursday.
2024年8月22日 - $Snowflake (SNOW.US)$ 股价在周四交易中继续下跌超过12%，跌至117美元。
The company announced exceeded-expectation financial results for the Q2 of fiscal 2025 after the market close on Wednesday but provided lukewarm future guidance that didn't convince investors in a competitive environment.
公司在2025财年Q2的财务业绩超出预期，并在周三收盘后发布了温吞的未来指引，未能说服投资者在竞争激烈的环境中。
Highlights for the Q2 financial results:
Q2财务业绩亮点：
Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth;
Stockholders - basic and diluted of ($0.95) in this quarter and ($0.69) in the same period last year;
Net revenue retention rate of 127%;
510 customers with trailing 12-month product revenue greater than $1 million;
736 Forbes Global 2000 customers;
Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth;
Authorized the repurchase of an additional $2.5 billion under our stock repurchase program through March 2027.
第二季度产品营业收入达到82930万美元，同比增长30%；
本季度每股股东基本和稀释收益为（0.95）美元，去年同期为（0.69）美元。
净营业收入留存率达到127%；
有510位客户的过去12个月的产品营业收入超过100万美元；
有736位《福布斯》全球2000强客户；
剩余履约义务为52亿美元，同比增长48%；
通过2027年3月，授权再回购250亿美元股票
Outlook for the Q3 and the full year:
第三季度和全年展望：
Snowflake expects Q3 product revenue between $850 million and $855 million, a 22% increase year-over-year growth.
Snowflake预计第三季度产品营业收入在8500万至8550万美元之间，同比增长22%。
The company also expects a full-year product revenue of $3.356 billion, a 26% year-over-year increase.
公司还预计全年产品营业收入为33.56亿美元，同比增长26%。
Analyst rating
分析师评级
JMP Securities maintained a market outperform rating and lowered its price target to $190 from $235;
Needham maintained a buy rating and lowered its price target to $160.00 from $210.00.
Needham维持买入评级，并将价格目标从210.00美元下调至160.00美元。