Snowflake Inc. gave an outlook for operating margin that fell short of analysts’ estimates, raising concerns among investors about the profitability of new AI-based tools.
Adjusted operating income margin will be about 7% in the period ending in January, the company said Wednesday in a statementBloomberg Terminal. Analysts, on average, projected 8.5%, according to data compiled by Bloomberg. Product revenue will be about $1.2 billion, compared with an average estimate of $1.19 billion.
