Paul Lew_pltr
voted
$Palantir(PLTR.US$
PLTR's second-quarter revenue outlook exceeds expectations
Palantir Technologies Inc.'s stock price rose on Monday, surpassing the software company's latest earnings report, but those gains were erased in extended trading after the results were announced.
However, Palantir boosted the continued strong momentum of its artificial intelligence platform, known as AIP, on Monday.
The software company now expects full-year revenue of $26.77 billion to $26.89 billion, compared to its previous forecast of $26.52 billion to $26.68 billion. The revenue forecast for the second quarter was between $649 million and $653 million, which surpassed the agreed forecast of $643 million.
Palantir also expects adjusted operating profit of US$868 million to US$880 million for the full year, compared to the previous forecast of US$834 million to US$850 million.
CEO Alex Karp said in a letter to shareholders: “The growth of the American corporate sector is now increasingly seeking us, and they know more than ever how artificial intelligence and big language models will reshape their industry.”
The outlook for this increase comes after Palantir beat expectations in the first quarter. The company reported revenue of $634 million, compared to $525 million in the same period last year, while analysts tracked by FactSet estimated $615 million.
Net income was $106 million and earnings per share were 4 cents, compared to the same period last year...
PLTR's second-quarter revenue outlook exceeds expectations
Palantir Technologies Inc.'s stock price rose on Monday, surpassing the software company's latest earnings report, but those gains were erased in extended trading after the results were announced.
However, Palantir boosted the continued strong momentum of its artificial intelligence platform, known as AIP, on Monday.
The software company now expects full-year revenue of $26.77 billion to $26.89 billion, compared to its previous forecast of $26.52 billion to $26.68 billion. The revenue forecast for the second quarter was between $649 million and $653 million, which surpassed the agreed forecast of $643 million.
Palantir also expects adjusted operating profit of US$868 million to US$880 million for the full year, compared to the previous forecast of US$834 million to US$850 million.
CEO Alex Karp said in a letter to shareholders: “The growth of the American corporate sector is now increasingly seeking us, and they know more than ever how artificial intelligence and big language models will reshape their industry.”
The outlook for this increase comes after Palantir beat expectations in the first quarter. The company reported revenue of $634 million, compared to $525 million in the same period last year, while analysts tracked by FactSet estimated $615 million.
Net income was $106 million and earnings per share were 4 cents, compared to the same period last year...
Translated
3
Paul Lew_pltr
Set a live reminder
Palantir Q1 2024 earnings conference call is scheduled for May 6 at 5:00 PM ET /May 7 at 5:00 AM SGT /May 7 at7: 00AM AEST. Subscribe to join the live earnings conference with management NOW!
Beat or Miss?
What do you expect from Palantir's Q1 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say!
Disclaimer:
This presentation is for information and educational use only and is not a...
Beat or Miss?
What do you expect from Palantir's Q1 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say!
Disclaimer:
This presentation is for information and educational use only and is not a...
10
3
Paul Lew_pltr
liked
$Palantir(PLTR.US$
A symmetrical triangle seems to have formed, which can be a bullish signal, in addition to the earnings this Monday, if all goes well, can push share prices. Some may say "Continuous triangle" too. Whatever the catalyst, it’s all about momentum and volume...
A symmetrical triangle seems to have formed, which can be a bullish signal, in addition to the earnings this Monday, if all goes well, can push share prices. Some may say "Continuous triangle" too. Whatever the catalyst, it’s all about momentum and volume...
8
5
Paul Lew_pltr
reacted to
Columns Analysis on PLTR
$Palantir(PLTR.US$
Although this may seem to be the worst time to hold growth stocks, especially technology stocks, I think Palantir (PLTR) still has a great opportunity. The market sell-off has depressed PLTR's share price ($21.75 at the time of writing), and it is currently trading at a 51% discount to its high of $45.00 a few weeks ago. The broader market sell-off created a unique opportunity to buy shares in companies with leading technology and improved financial conditions.
...
Although this may seem to be the worst time to hold growth stocks, especially technology stocks, I think Palantir (PLTR) still has a great opportunity. The market sell-off has depressed PLTR's share price ($21.75 at the time of writing), and it is currently trading at a 51% discount to its high of $45.00 a few weeks ago. The broader market sell-off created a unique opportunity to buy shares in companies with leading technology and improved financial conditions.
...
+6
10
1
Paul Lew_pltr
reacted to
$Gilat Satellite Networks(GILT.US$ I still believe as well, just bought 1200 more shares. long hold for me. This will hit $50+ next year or two. 😎🤙
$SoFi Technologies(SOFI.US$ $Palantir(PLTR.US$
$SoFi Technologies(SOFI.US$ $Palantir(PLTR.US$
19
1
Paul Lew_pltr
reacted to
$Palantir(PLTR.US$ just because ark invest reduced their stock in PLTR, all so scared. Do some research in this company on why your conviction should be based off their growing presence contracts, developments and more. rather than the short sighted swing trades.
16
11
Paul Lew_pltr
reacted to and commented on
$Palantir(PLTR.US$
My position is 1000 shares. 80% of my portfolio. In for the long run with $Palantir(PLTR.US$
Who knows US government might just acquire it. HAHAHA
My position is 1000 shares. 80% of my portfolio. In for the long run with $Palantir(PLTR.US$
Who knows US government might just acquire it. HAHAHA
7
7
Paul Lew_pltr
commented on
$Palantir(PLTR.US$ This stock opened lower than the stock on Tuesday. The K-line that stopped at the end was Shooting Star. I'll set the reserve price at around 20 per share
Translated
1
2