Snowflake Outlook; AT&T Acquisition; Urban Outfitters
On this episode of Stock Movers:- Snowflake (SNOW) shares are higher after giving a strong outlook for quarterly sales, with product revenue expected to increase about 25% to as much as $1.04 billion in the quarter ending in July. The company raised its full-year forecast for product revenue to about $4.33 billion, despite an uncertain economic environment, and its shares gained 9.9% in premarket trading.- Urban Outfitters (URBN) jumped after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate. Analysts note strength in its namesake UO brand…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.