By Denny Jacob

Snowflake shares tumbled 12%, to $155.88, in aftermarket trading Wednesday after its quarterly loss widened.

The stock, which closed up 1.1%, to $177.14, is up 23% on the year and nearly 37% over the last 12 months.

The cloud-data-warehousing-software provider widened its loss to $225.6 million, or 70 cents a share, for the fiscal first quarter ended April 30, compared to a loss of $165.8 million, or 53 cents a share, a year earlier. Adjusted earnings were 15 cents a share, above analysts' estimates of 5 cents.

Revenue surged to $623.6 million from $422.4 million. Analysts polled by FactSet expected $609.4 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 24, 2023 16:40 ET (20:40 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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