Why Palantir Technologies Crashed on Tuesday [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
The catalyst that sent the artificial intelligence (AI) and data mining specialist plunging was the company's quarterly report. When good isn't good enough For the first quarter, Palantir generated revenue that grew 21% year over year and 4% sequentially to $634 million. The top line was fueled by strong U.S. commercial revenue, which jumped 40% to $150 million. This marked the company's sixth consecutive quarter of profits under generally accepted accounting principles (GAAP) . As a result, adjusted earnings per share (EPS) of $0.08 climbed 60%. To give those numbers context, analysts' consensus estimates were calling for revenue of $615 million and EPS of $0.08. Palantir's U.S. commercial customers grew 69% year over year and 19% sequentially. This was driven by its Artificial Intelligence Platform (AIP), which continues to see strong demand. During the past quarter alone, the company conducted 660 customer Bootcamps to train on AIP, far exceeding management's original goal
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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