PLTR - Palantir Stock Is Falling Tuesday: What's Going On? | Benzinga
Palantir Technologies Inc (NYSE:PLTR) shares are trading lower Tuesday after the company reported first-quarter financial results and issued soft guidance. Here’s what you need to know.
What To Know: Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million, according to Benzinga Pro. Palantir reported adjusted earnings of 8 cents per share, which was in line with analyst estimates. The company has now delivered six straight quarters of GAAP profitability.
Commercial revenue grew 27% year-over-year, driven by a 40% year-over-year increase in U.S. commercial revenue. Government revenue climbed 16% year-over-year.
Customer count increased 42% year-over-year and 11% on a quarter-over-quarter basis. U.S. commercial customer count grew 69% year-over-year to ...