Palantir slumps 14% after earnings
Markets
30m ago(Source: baha news)
PALANTIR.COM
Markets
Palantir Technologies Inc. stock dropped more than 14% on Tuesday following its first quarter
earnings report, even though the company reported robust revenue expansion and increased its yearly forecast. Market analysts suggest shareholders were underwhelmed by the modest full-year revenue guidance raise.
Despite the stock's negative reaction after earnings, Palantir achieved a 39% revenue increase from $634.3 million in the previous year's quarter. The company's net income increased to $214 million, or $0.08 per share, compared to $105.5 million, or $0.04 per share, last year. The firm revised its