Then investors got something to cheer about in its results and the stock skyrocketed higher. Let's take a closer look at the cloud-based data warehousing company's Q3 earnings results to see if the turnaround in the stock can continue.

Snowflake Inc. gained 20% in premarket trading after the company gave a better-than-expected sales outlook, suggesting newly launched products are receiving a strong reception from customers.

Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

Snowflake shares jumped 20% in extended trading Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook. Monitor these key chart levels.

Snowflake SNOW reported third-quarter fiscal 2025 non-GAAP earnings of 20 cents per share, beating the Zacks Consensus Estimate by 33.33%. The figure declined 20% year over year. SNOW’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once,