Winter may be wrapping up, but Snowflake stock sure isn’t melting following strong results from the cloud-based storage company after markets closed Wednesday.Snowflake stock gained 6.6% to $177.23 on Thursday.

Snowflake shares surged 9% in morning trading, then narrowed its gain to 4.5%. The market move followed the data-storage and -analy

The company reported earnings before certain costs such as stock compensation of 30 cents per share on sales of $986.6 million, up 27% from a year earlier. The results were much better than expected, with analysts forecasting a profit of just 18 cents per share on lower sales of $957 million.