Palantir Technologies Inc PLTR:NYSE Message Board

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Technology Stocks : Palantir Technologies Inc PLTR:NYSE

PLTR 200.47

+3.0%

Oct 31 9:30 AM EST

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From: Don Green	2/17/2022 10:40:44 AM
	of 147

Palantir Stock Falls As Earnings Miss, Revenue Outlook Edges By Estimates Palantir Technologies ( PLTR) on Thursday reported December-quarter earnings that missed estimates while revenue topped Wall Street targets. PLTR stock fell as March quarter revenue guidance edged past expectations. Denver-based Palantir reported fourth-quarter earnings before the market open. Palantir stock plunged 13.2% to 12.12 in early trading on the stock market today. PLTR stock had retreated 24% in 2022 heading into the earnings report. Palantir earnings for the three months ending Dec. 31 were 2 cents per share on an adjusted basis. Revenue jumped 34% to $433 million, the maker of data analytics software said. Meanwhile, analysts expected Palantir earnings of 4 cents a share on revenue of $418 million. PLTR Stock: Revenue Outlook Edges By EstimatesFor the current quarter ending in March, Palantir forecast revenue of $443 million. Analysts polled by FactSet had projected first-quarter revenue of $439 million. Heading into the earnings report, Palantir stock had a Relative Strength Rating of only 12 out of a best-possible 99, according to IBD Stock Checkup. In addition, the Palantir earnings report comes amid the enterprise software maker's growing investments in special purpose acquisition companies. Also, SPACs raise money in an initial public offering with the purpose of making acquisitions. Government agencies use Palantir software for intelligence gathering, counterterrorism and military purposes. In addition, the software maker aims to expand into the health care, energy and manufacturing sectors.

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