But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts.
Planet Labs — The satellite imagery stock slipped 2.6% in premarket trading after delivering a weaker quarterly report than expected on Thursday.
DocuSign — The electric signature stock advanced 2.4% premarket on the heels of a stronger-than-expected quarterly report released Thursday.
The Wall Street firm said Snowflake is in an advantageous position with "best-in-class growth rates" and is set to benefit from increased demand for artificial intelligence applications.
The Wall Street firm cited First Solar's strong growth message during its investors day.
Persons:
Kroger, LSEG, DocuSign, Davidson, Snowflake, Mizuho, RH —, Gary Friedman, —, Yun Li, Sarah Min, Jesse Pound, Michelle Fox, Scott Schnipper
Organizations:
Planet Labs, LSEG, Deutsche Bank, Mizuho, Gilead Sciences, Bank of America
Locations:
Gilead