Snowflake Stock Jumps 24% as Profit Beats Expectations

Snowflake shares rose over 24% before market open on September 3, 2026. Quarterly profit was 62 cents per share — Wall Street expected 45 cents, per Reuters. Profit per share means earnings divided among all shares. The company raised its yearly sales forecast, citing demand for AI tools. The jump from the August 25 close of $322.78 implies a price near $400.