Breaking Down Snowflake (SNOW) 3Q Earnings

Shares of Snowflake (SNOW) ended Thursday, Dec. 2, 2021 up nearly 16% following the release of its 3Q earnings results after which multiple Wall Street analysts raised their price targets for the stock. During the quarter, Snowflake saw its loss narrow year-over-year and revenues rise as well as its software sales more than double. The company also raised its outlook for 4Q product sales. David Holt and Gregg Moskowitz break down the company’s report including the multiple deals it has made to support its growth moving forward.