The Unusual York Stock Alternate welcomes Snowflake to usher within the essential day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Endure, joined by Chris Taylor, vp of NYSE Listings and Companies, rings the outlet bell.

NYSE

Snowflake shares on Wednesday spiked 16% in extended buying and selling after the guidelines analytics instrument maker reported third-quarter earnings that beat estimates.

Here’s how the company did, compared with LSEG analyst expectations:

• Earnings per share: 20 cents, adjusted vs. 15 cents anticipated
• Earnings: $942 million vs. $897 million anticipated

Snowflake’s revenue rose 28% year over year within the quarter, which ended on Oct. 31, per a statement. The company’s accumulate loss of $324.3 million, or 98 cents per share, widened from $214.3 million, or 65 cents per share, within the identical quarter a year earlier.

Also on Wednesday, Snowflake presented a multi-year partnership with Anthropic, the Amazon-backed artificial intelligence startup and OpenAI competitor.

The company’s second-quarter earnings sage, launched in leisurely August, beat Wall Avenue’s estimates on earnings but confirmed decelerating development in product revenue compared with prior quarters.

As of Wednesday’s shut, the stock became once down 35% to this level in 2024, while the S&P 500 index became once up 24%.

Executives will discuss the outcomes with analysts on a convention name starting up at 5 p.m. ET.

Here’s breaking data. Please test attend for updates.