Accenture, Darden Restaurants, FactSet and more

Accenture, Darden Restaurants, FactSet and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due … Read more

Canaccord upgrades Snowflake, says pullback offers a big buying opportunity

Canaccord upgrades Snowflake, says pullback offers a big buying opportunity

It’s time to jump back on the Snowflake bandwagon, according to Canaccord Genuity. Analyst David Hynes Jr. upgraded the stock to buy from hold, saying in a note late Tuesday that the company’s long-term targets seem achievable. Snowflake sees product revenue ballooning to $10 billion and free cash flow margins expanding to 25% by 2028. … Read more

Stocks making the biggest moves after hours: Nvidia, Twitter and more

Stocks making the biggest moves after hours: Nvidia, Twitter and more

Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Here are the stocks making notable moves after the bell. Nvidia — The chip stock dropped more than 6% after Nvidia’s guidance for the second quarter showed lighter-than-expected revenue. The company said in a press release … Read more

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Shares of Snowflake Inc. tumbled in after-hours trading Wednesday after the software company delivered a forecast for the current quarter that came in below expectations at the midpoint and acknowledged that some customers have consumed less than expected due to macroeconomic factors. The company posted a fiscal first-quarter net loss of $166 million, or 53 … Read more

Snowflake (SNOW) earnings Q1 2023

Snowflake (SNOW) earnings Q1 2023

Snowflake shares fell as much as 16% in extended trading on Wednesday after the data analytics software maker disappointed analysts by saying it doesn’t expect a positive adjusted operating margin for the current quarter. Here’s how the company did: Earnings: Loss of 53 cents per share Revenue: $422.4 million, vs. $412.8 million as expected by … Read more