Palantir Technologies’ share in pre-conference trading fell 12%, as the IT company announced results and outlook, lower than expected.
The company reported a loss of $ 101.4 million, or 5 cents a share, in the first quarter, down from $ 123.5 million, or 7 cents a share, a year earlier, down from $ 123.5 million, or 7 cents per share a year ago.
On a custom basis, Palantir gained 2 cents per share compared to 4 cents per share a year ago, while analysts expected 4 cents.
Revenue rose to $ 446.4 million from $ 341.2 million a year ago, compared to estimates for $ 484 million.
The company is still waiting for the second quarter, an adjusted operating margin of 27% for the second quarter.
Source: Capital
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