Palantir shares fall 7% on lower-than-expected guidance
Publishing timestamp: 2024-05-06 19:30:09
Summary
Palantir reported strong revenue and EPS, but issued weaker-than-expected full-year guidance. The company signed a $178 million contract with the U.S. Army and posted a net profit for the sixth straight quarter. Despite solid revenue beat, Palantir's shares fell after the weaker guidance was announced. CEO Alex Karp highlighted the importance of the U.S. commercial business for future growth.
Sentiment: MIXED
Tickers: PLTR,
Keywords: technology, palantir technologies inc, business news, united states, earnings, breaking news: technology, breaking news,
Source: https://www.cnbc.com/2024/05/06/palantir-pltr-earnings-q1-2024.html