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Market Incident

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AI compiled from Infoway · 5 analyzed stories

Palantir's First $2 Billion Quarter Can't Lift the Stock

Palantir reported revenue up 96% to $2.313 billion, its first quarter above $2 billion, beating the $2.177 billion analyst consensus. Adjusted and GAAP earnings per share were both $0.44, above the $0.41 estimate. Total contract value grew just 6% to $2.918 billion.

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What happened

Palantir reported quarterly revenue of about $2.31 billion, up 96% from a year earlier and above analysts’ estimate. Its adjusted and GAAP earnings per share were both $0.44, also above estimates. But total contract value grew 6%, and reports said the stock fell 8%.

Global impact / market context

Strong sales and earnings did not prevent the reported share-price drop. Analysts cited slower growth in bookings, or new business commitments, including contracted revenue expected over the next 12 months. This suggests investors also care about how quickly future business is building.

What to watch

  1. Check the next reported total contract value growth; the latest figure was 6%, and it may show whether new commitments are picking up.
  2. Check the next update on contracted revenue expected over the next 12 months; analysts cited slowing growth in this measure.
  3. Check whether Palantir’s next quarterly revenue and earnings continue to beat estimates; the latest results were above them.

Affected assets

  • Palantir Technologies Inc.

Evidence