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, […]
Tag: Palantir Technologies
Palantir Technologies Shares Decline As Loss Surprises Investors
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.