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  • TODAY'S CHANGE (%)
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    • 13 hours ago by Accesswire
      Companies Mentioned: GL, AXTI, VTYX

      NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Snowflake Inc. (NYSE:SNOW)

      Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that between September 16, 2020 and March 2, 2022 the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Snowflake had systematically oversold capacity to customers which created a misleading appearance of the demand for Snowflake's products and services; (ii) Snowflake had provided significant discounts to its customers prior to its initial public offering ("IPO") that temporarily boosted sales but would not be sustainable after the IPO and/or necessitate platform efficiency adjustments that negatively impacted client consumption and Snowflake's revenue and profit margins; (iii) as a result, Snowflake's customers were poised to roll over a material amount of unused credits (and thereby cannibalize future sales) at the end of their contracts' terms or to refuse to renew their contracts at prior consumption levels or at all; and (iv) consequently, Snowflake's product revenue and remaining performance obligations had been artificially inflated.

    • 13 hours ago by Dow Jones
      Companies Mentioned: GL, AXTI, SNOW, VTYX

      NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Snowflake Inc. (NYSE:SNOW)

      Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that between September 16, 2020 and March 2, 2022 the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Snowflake had systematically oversold capacity to customers which created a misleading appearance of the demand for Snowflake's products and services; (ii) Snowflake had provided significant discounts to its customers prior to its initial public offering ("IPO") that temporarily boosted sales but would not be sustainable after the IPO and/or necessitate platform efficiency adjustments that negatively impacted client consumption and Snowflake's revenue and profit margins; (iii) as a result, Snowflake's customers were poised to roll over a material amount of unused credits (and thereby cannibalize future sales) at the end of their contracts' terms or to refuse to renew their contracts at prior consumption levels or at all; and (iv) consequently, Snowflake's product revenue and remaining performance obligations had been artificially inflated.
    • 19 hours ago by PR Newswire
      Companies Mentioned: GL

      Globe Life Inc. (NYSE: GL) will release Second Quarter 2024 earnings after the market closes on Wednesday, July 24, 2024. At that time, a copy of the Company's Second Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information. In conjunction with the Second Quarter 2024 Earnings Release of Globe Life Inc., you are invited to listen to a conference call broadcast live over the Internet on Thursday, July 25, 2024, at 11:00am Eastern (10:00am Central).

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