Scotiabank Remains Bullish on Snowflake (SNOW) Despite Revenue Missing “Whisper Numbers” [Yahoo! Finance]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Yahoo! Finance
Snowflake to $290 from $280 with an Outperform rating on the shares. The firm pointed out that although the company's FQ3 2026 product revenue was strong, it failed to meet the lofty whisper numbers of institutional investors. However, Scotiabank maintains its positive outlook on the company due to the evidence of robust customer spending trends. In its FQ3 earnings report, Snowflake announced that it achieved product revenue of $1.16 billion, which marked a 29% year-over-year increase, while total consolidated revenue reached $1.21 billion. Snowflake's Remaining Performance Obligations/RPO surged 37% to $7.88 billion, reflecting significant long-term contract momentum. The company added 615 new customers during the quarter, including 31 who contribute more than $1 million in trailing 12-month revenue. This brought the total number of Global 2000 customers to 766, with this elite group spending an average of $2.3 million annually. A primary highlight of the quarter was Snowflake r
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BNS
Earnings
- 12/2/25 - Beat
BNS
Sec Filings
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- BNS's page on the SEC website