Palantir crashed over 13% in premarket trading after posting its disappointing financial result.
Palantir(ticker: PLTR) posted revenue of $473 million, up 26% from a year ago, and ahead of both the company’s target of $470 million and analysts’ consensus of $466 million. Palantir said commercial revenue was up 46% from a year agp, with U.S. commercial revenue up 120%. U.S. government revenue was up 27%; overall U.S. revenue rose 45% to $290 million.
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