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Palantir - 8%: Earnings Meet Expectation But Forward Guidance Disappoints

Moomoo News ·  May 6 16:09

$Palantir (PLTR.US)$ fell 8% after the close. The firm reported higher sales than analysts expected, at $634.3 million, and a Non-GAAP EPS that met expectations at $0.08. Still, the firm gave guidance that disappointed investors toward a selloff drop shortly after the announcement.

According to 14 analysts compiled by yahoo finance, the market expects earnings of $0.08 per share, on sales revenue of $625.43M. The firm boosted its full year revenue to $2.68B to $2.69B, around the $2.68B expected, and sees Q3 Revenue $649M-$653M vs. the $653.25M expected.

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