|Company Name||Snowflake Inc.|
On March 2, 2022, after the market closed, Snowflake announced its fourth quarter and full year 2022 financial results in a press release. The Company also stated that it expected sales growth between 65% and 67% for fiscal 2023, representing a significant decline given that Snowflake’s revenue growth has more than doubled year-over-year in the past six quarters.
On this news, the Company’s stock price fell as much as 17% during intraday trading on March 3, 2022.
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