Palantir's Profit Party

Palantir's Profit Party

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  • Palantir’s (PLTR) shares jumped 19% in extended trading on Monday after its fourth-quarter earnings exceeded analysts' estimates. The company reported adjusted earnings per share of 4 cents, while analysts had estimated 3 cents, according to Refinitiv. Its revenue stood at $509 million, above the estimated $502 million. Palantir’s revenue for the quarter increased 18% YoY, and its US commercial revenue grew 12%.

  • The company reported its first-ever quarter of positive net income on a GAAP basis, earning $31 million. Palantir expects to report between $503 million and $507 million in revenue for its first quarter and between $2.18 billion and $2.23 billion for the entire year.

Why it matters

Palantir exceeded estimates on both sales and growth rate, with sales proving the market had overestimated the decline. While the 21% revenue increase is lower than past quarters, it's significant compared to other tech companies reporting flat or declining revenues. This caused the share price to rise 19% in after-hours trading, although the stock's volatility may cause fluctuations.

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