Palantir Technologies reported fourth-quarter earnings results Tuesday, posting a wider-than-expected loss while beating revenue forecasts. Revenue was mainly driven by the government segment which grew 85% year over year, reaching $190 million. Shares declined 6% in premarket trading as investors were shocked to see the loss.
Tag: Loss
United Airlines Posts $7.1 Billion Loss For 2020, Gives Positive Outlook
United Airlines revealed a loss of $1.9 billion for the fourth quarter Wednesday. With the increasing development of vaccines, the airline hopes to return to the pre-pandemic level of profit by 2023. Shares plunged by 6.2% during trading.
Airbnb IPO: Is It Worth Buying?
Airbnb filed for IPO on November 16 to be traded under the ticker symbol, ABNB. Here is a look at the tech company’s financial performance over the years and if it’s worth investing in amid tighter regulations, increased competition, and the surging coronavirus.