Snowflake stock is spiraling in Thursday's session even after the data cloud company beat top- and bottom-line expectations for its second quarter and raised its full-year product revenue forecast.
Snowflake's revenue increased 28.9% year-over-year to $868.8 million, thanks in part to a 30% surge in product revenue growth to $829.3 million. Its earnings per share (EPS) declined 18.2% from the year-ago period to 18 cents.
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