Palantir Reports
On Monday evening, Palantir Technologies went to the tape with the firm's third quarter financial results. For the three-month period ended September 30th, Palantir posted an adjusted EPS of $0.10 (GAAP EPS: $0.06) on revenue of $725,516M. These top and bottom-line results all beat the street, while the top line print was good for year over year growth of 30%. The adjustments made were primarily made for the purpose of stock-based compensation.
Within the data, US-driven revenue increased 44% year over year and 14% sequentially to $499M. US commercially driven revenue increased 54% year over year and 13% sequentially to $179M, while US government driven revenue increased 40% year over year and 15% sequentially to $320M. Thanks to increased defense spending, the pace of quarterly growth in US government sales made a nearly four-year high. The firm closed 104 deals for the quarter worth more than $1M, while customer count grew 39% year over year and 6% sequentially.
New Pivot... $45 up from $40 as the stock gaps higher from failed double top. Adjust target prices and panic points accordingly.
I am long PLTR
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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corbotron : Are your panic point areas where you could see a slight pull back in price from the loss of purchases in that area of the chart? For example stock ABC jumped from 25$ to 28$ and carried up to 35$ could you reasonably forsee a 3$ drop from 35$ to compensate for the difference of 25-28?