🟢 SNOW is trading 29.6% up today after beating Q1 estimates and raising long-term guidance

SNOW is trading 29.6% up at $227.09 in after-hours trading after reporting stronger-than-expected first quarter results and raising its full-year outlook.

• Revenue reached $1.39 billion with product revenue growing 34% year-over-year to $1.33 billion.
• Management highlighted significant momentum in new AI products and raised fiscal 2027 product revenue guidance, which investors are treating as a major positive surprise.