Snowflake's Product Revenue

And, Zoom’s “solid quarter” ignored.

May 22, 2025

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Today is Thursday, May 22, 2025.

The Early Bird Index today is 79.36

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Snowflake's Product Revenue

Snowflake $SNOW ( ▲ 1.66% ) jumped 7.36% in after-hours trading on Wednesday after the technology company posted strong financial earnings results.

Financials: Snowflake reported earnings of 60 cents per share and revenue of $1 billion in the past quarter. Both were better than expected.

Powering the Story: Product revenue surged 26% in the quarter to $996.8 million.

Quote: “Snowflake’s mission is to empower every enterprise to achieve its full potential through data and AI.” - CEO Sridhar Ramaswamy.

Early Bird’s Nest Egg Gains: Snowflake's product revenue is surging due to a combination of strong product innovation, expanding customer base, strategic partnerships, and robust demand for its data and AI platform.

  • Snowflake has introduced over 400 new product capabilities in the past year, which has helped attract new customers.

Final Thoughts: Snowflake’s stock was already up 13% this year before these results.

Notables

Notable Earnings Today: Analog Devices (Nasdaq: ADI), Deckers Outdoor (NYSE: DECK), BJ's Wholesale (NYSE: BJ), Autodesk (Nasdaq: ADSK), Advance Auto Parts (NYSE: AAP), Intuit (Nasdaq: INTU), Ross Stores (Nasdaq: ROST), Workday (Nasdaq: WDAY), Ralph Lauren (NYSE: RL), Lightspeed (NYSE: LSPD), Copart (Nasdaq: CPRT), StepStone Group (Nasdaq: STEP), Toronto-Dominion Bank (NYSE: TD), Arqit Quantum (Nasadq: ARQQ), Atour Lifestyle Holdings (Nasdaq: ATAT), Cavoc Industries (Nasdaq: CVCO), CSW Industrials (Nasdaq: CSWI), Lions Gate Entertainment (NYSE: LGF.A), Nano-X Imaging (Nasdaq: NNOX).

Notable IPOs Today: MNTN (NYSE: MNTN), Hinge Health (NYSE: HNGE).

Notable Equity Crowdfunding Campaigns Ending Today: Wara Cafe (SMBX).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Manufacturing PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), Existing Home Sales (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Zoom’s “Solid Quarter” Ignored

Zoom Communications $ZM ( ▲ 1.64% ) posted mixed financial earnings results on Wednesday, and the stock ticked down 0.18% in after-hours trading.

Financials: Zoom reported earnings of $1.43 per share in the past quarter, which were better than expected. Revenue reached $1.17 billion, which was in-line.

Quote: “We delivered another solid quarter, exceeding guidance in both revenue and profitability — a testament to the strength of our platform and AI-first innovation.” CEO Eric S. Yuan.

Final Thoughts: Investors didn’t care about the solid results. The stock is up less than 1% this year.

Health Insurance Stocks Fall Due to Medicare News 

Several health insurance stocks declined in after-hours trading on Wednesday after the Centers for Medicare & Medicaid Services announced plans to expand the audits on Medicare Advantage plans.

Final Thoughts: CVS Health $CVS ( ▲ 2.01% ) fell 2.27%, UnitedHealth Group $UNH ( ▲ 1.25% ) dropped 3.13%, and Humana $HUM ( ▲ 1.33% ) decreased 4.18%.

New Crypto Fund: VanEck to launch Avalanche ecosystem fund (Cointelegraph)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.