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Snowflake, Lumen, UnitedHealth, Nike, Urban Outfitters, Alphabet, CoreWeave, and More Movers - Barron's

1. Snowflake's Q1 revenue jumped 26% to $1.04 billion. 2. This marks Snowflake's first-ever quarter with over $1 billion in revenue. 3. Product revenue also increased 26% to $996.8 million, exceeding estimates. 4. The company expects Q2 product revenue between $1.035 billion and $1.04 billion. 5. SNOW shares rose 9.7% amid positive earnings report.

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FAQ

Why Bullish?

Positive earnings growth and first billion-dollar quarter indicate strong demand. Historically, exceeding earnings expectations boosts stock confidence.

How important is it?

The article highlights strong earnings, which are crucial for investor sentiment. Sustained performance can further attract investment.

Why Short Term?

Positive market reaction is expected in the immediate term due to earnings report excitement. However, sustaining this growth long-term requires consistent performance.

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