Snowflake's earnings and revenue exceed expectations by 19%, resulting in a 19% increase in share price.

• Snowflake reported better-than-expected results on the top and bottom lines.
• The stock jumped in extended trading.

The data analytics software maker's fiscal third-quarter earnings, which beat estimates, caused a 19% increase in shares on Wednesday in extended trading.

Here's how the company did, compared to LSEG analyst expectations:

• Earnings per share: 20 cents, adjusted vs. 15 cents expected
• Revenue: $942 million vs. $897 million expected

In the quarter that ended on Oct. 31, Snowflake's revenue increased by 28% compared to the previous year, while the company's net loss widened to $324.3 million, or 98 cents per share, from $214.3 million, or 65 cents per share, in the same quarter the previous year.

In 2025, Snowflake expects to generate $3.43 billion in product revenue, representing a 29% increase from the $3.36 billion forecasted three months ago, which signifies a 26% growth.

The full-year view now includes an adjusted operating margin of 5%, which is higher than the previously forecasted 3% in August.

At the end of October, Snowflake had 10,618 customers, an increase of 369 in the fiscal third quarter, despite analysts polled by StreetAccount expecting 10,601.

Snowflake has partnered with Anthropic, an AI startup, for a multi-year agreement and also acquired Datavolo, another startup, for undisclosed terms.

The stock had fallen 35% by Wednesday's close in 2024, in contrast to the S&P 500 index's 24% increase.

Analysts will receive a conference call from executives to discuss the results starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

Jefferies Brent Thill stated that Q3 was one of Snowflake's top quarters in recent memory.