Why Snowflake Shares Are Trading Higher By Over 24%; Here Are 20 Stocks Moving Premarket

Shares of Snowflake Inc (NYSE: SNOW) rose sharply in pre-market trading after the company posted upbeat financial results for the second quarter. Snowflake reported second-quarter revenue of $1.55 billion, beating analyst estimates of $1.48 billion, according to Benzinga Pro. The AI data cloud company reported adjusted earnings of 62 cents per share for the quarter, beating estimates of 45 cents per share. Snowflake shares jumped 24.3% to $380.00 in pre-market trading.