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Snowflake stock soars after beating earnings estimates and raising its revenue forecast

The cloud data company raised its full-year product revenue guidance to $6.07 billion, up from a prior forecast of $5.84 billion

Screenshot: Snowflake

Snowflake $SNOW reported second-quarter revenue of $1.55 billion on Wednesday, beating analyst expectations and prompting the company to raise its full-year revenue forecast, sending its stock up 22% in after-hours trading.

Product revenue, the company's key metric, reached $1.49 billion in the quarter ended July 31, up 37% year over year, the company said. That marked the third consecutive quarter of........

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