Palantir Misses Earnings In Consecutive Quarter, Lags on Q2 Outlook

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Palantir Misses Earnings In Consecutive Quarter, Lags on Q2 Outlook

Benzinga2022-05-09

Palantir Technologies Inc (NYSE:PLTR) reported first-quarter FY22 revenue growth of 31% year-on-year to $446 million, beating the consensus of $443.4 million.
Revenue Drivers: Commercial revenue grew 54% Y/Y. U.S. commercial revenue rose 136% Y/Y. Palantir customer count grew 86% Y/Y. Government revenue grew 16% Y/Y.
Margins: The adjusted operating margin contracted 800 bps to 26% as costs rose 2.7% Y/Y.
Also Read: Palantir Wins $13M Contract From Longtime Partner UK Defense Ministry
Palantir held $2.3 billion in cash and equivalents and generated $35 million in operating cash flow.
Adjusted EPS of $0.02 missed the consensus of $0.04.
Outlook: Palantir sees Q2 revenue of $470 million, below the consensus of $483.8 million.
It reiterated annual revenue growth of 30% or greater for 2021 through 2025.
Price Action: PLTR shares traded lower by 20.3% at $7.56 on the last check Monday.

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ckexcellent
·2022-05-09
Don't worry.... It will rebound back
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It will rebound back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062796360","repostId":2234208505,"repostType":2,"repost":{"id":"2234208505","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1652103498,"share":"https://ttm.financial/m/news/2234208505?lang=&edition=fundamental","pubTime":"2022-05-09 21:38","market":"hk","language":"en","title":"Palantir Misses Earnings In Consecutive Quarter, Lags on Q2 Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2234208505","media":"Benzinga","summary":"\n","content":"<html><body><ul>\n<li><strong>Palantir Technologies Inc </strong>(NYSE:PLTR) reported first-quarter FY22 revenue growth of 31% year-on-year to $446 million, beating the consensus of $443.4 million.</li>\n<li><strong>Revenue Drivers:</strong> Commercial revenue grew 54% Y/Y. 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U.S. commercial revenue rose 136% Y/Y. Palantir customer count grew 86% Y/Y. Government revenue grew 16% Y/Y.</li>\n<li><strong>Margins:</strong> The adjusted operating margin contracted 800 bps to 26% as costs rose 2.7% Y/Y. </li>\n<li><strong><em>Also Read:</em></strong> <em>Palantir Wins $13M Contract From Longtime Partner UK Defense Ministry</em></li>\n<li>Palantir held $2.3 billion in cash and equivalents and generated $35 million in operating cash flow.</li>\n<li>Adjusted EPS of $0.02 missed the consensus of $0.04.</li>\n<li><strong>Outlook:</strong> Palantir sees Q2 revenue of $470 million, below the consensus of $483.8 million. </li>\n<li>It reiterated annual revenue growth of 30% or greater for 2021 through 2025.</li>\n<li><strong>Price Action:</strong> PLTR shares traded lower by 20.3% at $7.56 on the last check Monday.</li>\n</ul>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings Inc","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.benzinga.com/news/earnings/22/05/27074710/palantir-clocks-31-revenue-growth-in-q1-aided-by-us-commercial-revenue-margin-shrinks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234208505","content_text":"Palantir Technologies Inc (NYSE:PLTR) reported first-quarter FY22 revenue growth of 31% year-on-year to $446 million, beating the consensus of $443.4 million.\nRevenue Drivers: Commercial revenue grew 54% Y/Y. U.S. commercial revenue rose 136% Y/Y. Palantir customer count grew 86% Y/Y. Government revenue grew 16% Y/Y.\nMargins: The adjusted operating margin contracted 800 bps to 26% as costs rose 2.7% Y/Y. \nAlso Read: Palantir Wins $13M Contract From Longtime Partner UK Defense Ministry\nPalantir held $2.3 billion in cash and equivalents and generated $35 million in operating cash flow.\nAdjusted EPS of $0.02 missed the consensus of $0.04.\nOutlook: Palantir sees Q2 revenue of $470 million, below the consensus of $483.8 million. \nIt reiterated annual revenue growth of 30% or greater for 2021 through 2025.\nPrice Action: PLTR shares traded lower by 20.3% at $7.56 on the last check Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}