Palantir tumbles even as company boosts guidance, Q1 results top expectations [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
Looking to the full-year, Palantir now expects sales to be between $2.677B and $2.689B, above the $2.68B analyst estimate and up from the company's prior view of $2.652B to $2.668B. The company also raised its guidance for adjusted income from operations to between $868M and $880M. For the coming second-quarter, the Alex Karp-led Palantir expects sales to be between $649M and $653M, above the $642.75M estimate. For the period ending March 31, Palantir earned an adjusted $0.08 per share as revenue rose 20.8% year-over-year to come in at $634.33M. U.S. commercial revenue rose 40% year-over-year and 14% sequentially to $150M. Total commercial revenue rose 27% year-over-year to $299M while government revenue rose 16% year-over-year to $335M. U.S. government revenue accounted for much of that, rising 12% year-over-year to $257M. Total customer count grew 42% year-over-year and 11% quarter-over-quarter. A consensus of analysts expected the company to earn $0.08 on $617.61M in r
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website