Monday’s extended trading saw a more than 15% increase in Palantir shares after the software business revealed fourth-quarter revenue and profitability that above Wall Street’s projections.
Palantir performed as follows:
Compared to the predicted 11 cents, adjusted earnings per share were 14 cents.
$828 million in revenue as opposed to the projected $776 million The fourth-quarter beat was accompanied by better-than-expected guidance from Palantir.
The business stated that, in contrast to the LSEG forecast of $799 million, it anticipates revenue of between $858 million and $862 million.
Compared to the consensus estimate of $3.52 billion, Palantir predicted sales of $3.74 billion to $3.76 billion for the entire year.
Defence departments frequently use Palantir’s software and technological services.
Source (CNBC)
