PLTR - Palantir Q1: Give The Knife More Time To Fall (Technical Analyses)

2024-05-07 16:06:12 ET

Summary

• Palantir reported better-than-expected Q1 results with revenue of $634.33M, representing a 20.8% year-over-year growth.
• Despite positive results, PLTR stock declined by more than 10% after the earnings report.
• The price can fall more in the near term due to factors such as the company's profitability outlook, operating expenses, and selling pressure both in the open market and from insiders.

Palantir stock: Q1 highlights

Palantir Technologies (PLTR) just released its 2024 Q1 earnings report. Overall, the company reported results that were better than market expectations. To wit, its non-GAAP EPS dialed in at $0.08, in line with market expectations. But its revenue totaled $634.33M (representing a 20.8% YOY growth) and beat consensus slightly (by ~$16.7M)....

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