Shares of cloud data platform company Snowflake Inc. (SNOW) are trading down 4 percent on Wednesday despite lack of any stock-specific news that could drive the stock down.
The San Mateo, California-based company is scheduled to announce its first-quarter results on May 26. Twenty-five analysts polled by Thomson Reuters expect the company to report a loss of $0.16 per share in the quarter. Revenues are expected to be $212.87 million during the period.
The stock is currently trading at $194.23, down $7.23 or 4 percent on the NYSE.
SNOW has traded between $187.10 and $429.00 during the past 52 weeks.
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