BREAKING: Palantir ($PLTR ) shares fall 7% in premarket trading despite beating third-quarter earnings estimates, as investors weigh its high valuation.
Palantir reported third-quarter revenue of US$2.313 billion, up 96% year over year. Wall Street expected revenue of US$2.17 billion, according to Bloomberg data.
Adjusted earnings per share of US$0.44 also beat consensus estimates of US$0.40.
The data software company’s US commercial revenue rose 148% year over year to US$984 million, surpassing government revenue for the first time in its history.
Palantir now expects annual revenue of between US$8.530 billion and US$8.534 billion, exceeding analysts’ estimates of US$8.2 billion.
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Palantir reported third-quarter revenue of US$2.313 billion, up 96% year over year. Wall Street expected revenue of US$2.17 billion, according to Bloomberg data.
Adjusted earnings per share of US$0.44 also beat consensus estimates of US$0.40.
The data software company’s US commercial revenue rose 148% year over year to US$984 million, surpassing government revenue for the first time in its history.
Palantir now expects annual revenue of between US$8.530 billion and US$8.534 billion, exceeding analysts’ estimates of US$8.2 billion.
$IDOL $AGT 👀👀👀👀
#PalantirSlides3PercentOn$2BRevenue #EarningsSeason #crash #BinanceIncidentReport #BinancePick
