Snowflake shares drop 9% after first quarterly results since massive IPO
December 02, 2020 at 16:17 PM EST
The cloud company Snowflake, fresh off a record initial public offering in September, reported a third-quarter net loss of of $168.9 million, or $1.01 a share, compared with a net loss of $88.1 million, or $1.92 a share, in the year-ago quarter.