October 3, 2022

Balkan Travellers

Comprehensive up-to-date news coverage, aggregated from sources all over the world

PLTR stock dips as Palantir earnings miss, revenue forecast grows according to estimates

PLTR stock dips as Palantir earnings miss, revenue forecast grows according to estimates

Palantir . techniques (PLTR) on Thursday reported December quarter earnings below estimates while revenue beat Wall Street targets. PLTR stock fell as revenue guidance for the March quarter beat previous expectations.




X



Denver-based Palantir reported fourth-quarter earnings before the market opened. Palantir shares were down 10.3% to 12.53 in midday trading on stock market today.

PLTR stock was down 24% in 2022 heading into its earnings report.

Palantir’s earnings for the three months ended December 31 were 2 cents per share on an adjusted basis. The data analytics software maker said revenue jumped 34% to $433 million.

Meanwhile, analysts expected Palantir to earn 4 cents a share on revenue of $418 million.

PLTR Inventory: Revenue Forecast by Estimates

For the current quarter ending in March, Palantir forecast revenue of $443 million. Analysts polled by FactSet expected first-quarter revenue to be $439 million.

Amid investments in its businesses, Palantir expects to adjust operating margin by 27% in 2022, down from 31% last year.

As the earnings report approaches, Blantyre stock has a relative strength rating of just 12 out of the top 99 possible, according to IBD stock check.

Additionally, Palantir’s earnings report comes amid the enterprise software maker’s increased investment in special purpose acquisition companies. Also, SPACs are raising money in an initial public offering for the purpose of making acquisitions.

Government agencies use Palantir for intelligence gathering, counter-terrorism, and military purposes. Additionally, the software maker aims to expand into the healthcare, energy, and manufacturing sectors.

If you are new to IBD, consider taking a look at stock trading system And CAN SLIM Basics. Distinguish chart patterns It is one of the key investment guidelines.

See also  Kohl's shares rise on reports that the company continues to compete amid market volatility

IBD offers a wide range of Stock Growth ListsLike leaderboard. Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.

Follow Reinhardt Krause on Twitter Tweet embed For updates on 5G wireless networks, artificial intelligence, cyber security and cloud computing.

Best growth stock to buy and watch: see IBD stock listings updates

How to use the 10-week moving average to buy and sell