Snowflake Shares Jump 22% After Results Beat and AI Coding Momentum
Snowflake shares rose 22% in extended trading after the data analytics software maker reported fiscal second-quarter results and guidance that beat expectations. Revenue grew 35% year over year to $1.55 billion, while net loss narrowed to $191.7 million. Product revenue guidance was raised, helped by its CoCo AI coding agent reaching 9,100 accounts.