Palantir Revenue Outlook Exceeds Expectations

3 months ago

Denita Sokova

"It raised its annual revenue outlook to 4.4 billion. The ticker of course is PLTR. It's all about artificial intelligence and data analytics products. Uh it's one thing that they say is that the growth is otherworldly. Uh but indeed it is more than what analysts were expecting. Revenue increase 63% to about 1.18 billion. This is significantly higher than what analysts were expecting. Uh and they were already coming into high expectations this year. The company is up 150% going into this earnings report. Perhaps this is one reason why the initial enthusiasm uh is a little bit tempered still obviously positive on the news. Analysts on average estimated about about 1.9 billion uh in earnings uh and parent reported revenue above analyst estimates for 21 consecutive quarters."

Palantir (PLTR) has raised its annual revenue forecast to $4.4 billion, fueled by a 63% revenue increase to $1.18 billion and a 150% pre-earnings rally. Despite high prior expectations, the strong beat on revenue over 21 consecutive quarters has tempered some of the initial exuberance while remaining positive.

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