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Snowflake reduces revenue growth target, and the stock is falling

Photo of Nora James Nora James March 2, 2023
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Snowflake reduces revenue growth target, and the stock is falling
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This update corrects the FactSet consensus for Snowflake’s fiscal first-quarter and fiscal 2024 product revenue.

Shares of Snowflake Inc. fell more than 7% in after-hours trading Wednesday after the data-software company forecast lower revenue growth than analysts had anticipated.

Snowflake’s SNOWmanagement…

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