BUZZ-Palantir shares fall as investors unimpressed with results
Palantir Technologies' shares fell 6.6% to $115.69 after the company raised its annual sales forecast but failed to meet investor expectations. The firm anticipates FY2025 revenue between $3.89 billion and $3.90 billion, surpassing its previous forecast. Q1 revenue was $883.9 million, exceeding estimates, with an adjusted profit of 13 cents per share. Despite the drop, Palantir's stock is up 63.7% year-to-date.
Shares of data analytics firm Palantir Technologies (PLTR.O) fall 6.6% to $115.69 after the bell
PLTR raises annual sales forecast, but still fails to impress investors banking on huge payoffs from the data and analytics firm
Company expects revenue FY2025 between $3.89 billion and $3.90 billion, up from its earlier forecast of $3.74 billion and $3.76 billion
Analysts on average expect $3.75 billion in annual sales, according to data from LSEG
Posts Q1 revenue of $883.9 million vs estimates of $862.8 million
Adj. profit of 13 cents per share in Q1 was in line with estimates
PLTR up 63.7% YTD
