Palantir Stock Soars After Earnings Beat. What Got the Market So Excited.
Palantir Technologies stock was soaring after the company posted a big beat with its fourth-quarter results on Monday afternoon. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,
Shares of Palantir Technologies ( PLTR 26.31%) charged out of the gate on Tuesday, spiking as much as 27.7%. As of 10:59 a.m.
The company’s commercial revenue increased 64% in the quarter while U.S. government sales rose 45%. But if Wall Street analysts are right, the stock is 26% too high.
Despite high valuation concerns, Palantir Technologies Inc.'s strong Q4 earnings and growth potential support holding the stock. Click for our PLTR update.
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Palantir’s strong numbers were driven by a 52% year-over-year and 12% quarter-over-quarter increase in revenue in the U.S., ...
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