Palantir Stock Plunges As Earnings Miss, Revenue Outlook Edges By Estimates

$Palantir (PLTR.US)$ on Thursday reported December-quarter earnings that missed estimates while revenue topped Wall Street targets. PLTR stock plunged as March quarter revenue guidance edged past expectations amid a weaker profit margin outlook.

Denver-based $Palantir (PLTR.US)$ reported fourth-quarter earnings before the market open. Palantir stock plunged 15.7% to close at 11.77 on the stock market today.

$Palantir (PLTR.US)$ 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.