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 - $Snowflake (SNOW.US)$ 股價在週四交易中繼續下跌超過12%，降至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財年Q2的財務業績超出預期，並在週三收盤後發佈了溫吞的未來指引，未能說服投資者在競爭激烈的環境中。
Highlights for the Q2 financial results:
Q2財務業績亮點：
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.
第二季度產品營業收入達到82930萬美元，同比增長30%；
本季度每股股東基本和稀釋收益爲（0.95）美元，去年同期爲（0.69）美元。
淨營業收入留存率達到127%；
有510位客戶的過去12個月的產品營業收入超過100萬美元；
有736位《福布斯》全球2000強客戶；
剩餘履約義務爲52億美元，同比增長48%；
通過2027年3月，授權再回購250億美元股票
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預計第三季度產品營業收入在8500萬至8550萬美元之間，同比增長22%。
The company also expects a full-year product revenue of $3.356 billion, a 26% year-over-year increase.
公司還預計全年產品營業收入爲33.56億美元，同比增長26%。
Analyst rating
分析師評級
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維持買入評級，並將價格目標從210.00美元下調至160.00美元。