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.
General Electric slightly missed earnings forecasts but posted an exceptional free cash flow of $4.4 billion. GE expects earnings to rise between 15 cents and 25 cents per share in 2021. Shares soared 10% post the news.
IBM earnings top Wall Street estimates yet revenue declines for a straight fourth quarter with Red Hat driving most revenues. As the company steers into new segments led by mergers & acquisitions, it expects to focus more on its new strategy after spinning off its legacy managed infrastructure services division.
Goldman Sachs reported fourth-quarter earnings of $12.08 per share, beating analysts’ forecasts of $7.47 per share. Revenue went $1.75 billion above estimates, majorly contributed by investment banking and equity trading.
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.