AI
| Followers | 689 |
| Posts | 143817 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Thursday, August 12, 2021 9:34:25 AM
Palantir Technologies (PLTR) Stock Climbs as Earnings Meet Estimate, Outlook Upbeat
By: TheStreet | August 12, 2021
• Palantir reports second-quarter earnings that met Wall Street's expectations and revenue that exceeded them. The stock is higher.
Palantir Technologies (PLTR) shares moved up Thursday after the software firm reported second-quarter earnings that met Wall Street's expectations and revenue that exceeded them.
The Denver company reported earnings of 4 cents a share, matching the consensus estimate of analysts surveyed by FactSet. Revenue reached $376 million against the estimate of $360 million.
For the third quarter, the company expects $385 million in revenue. Analysts in the FactSet survey are expecting third quarter revenue of $379.4 million.
For the full year Palantir more than doubled its expectation for adjusted free cash flow to more than $300 million from $150 million.
Palantir shares at last check were 8.8% higher at $24.31.
The company's booked contract value more than doubled (up 175%) from a year earlier to $925 million. Customer count jumped 61% in the first half.
Average revenue from the company's top 20 customers grew to $39 million in the second quarter from $36 million in the first quarter.
Earlier this year, Palantir said it was selected by the National Nuclear Security Administration to provide its security platform and related services in an $89.9 million, five-year deal.
Under the contract, the NNSA’s Office of Safety, Infrastructure and Operations said it will use Palantir for “knowledge management and data-driven decision-making” as part of a bigger project on safety, analytics, forecasting, and evaluation reporting.
Read Full Story »»»
DiscoverGold
By: TheStreet | August 12, 2021
• Palantir reports second-quarter earnings that met Wall Street's expectations and revenue that exceeded them. The stock is higher.
Palantir Technologies (PLTR) shares moved up Thursday after the software firm reported second-quarter earnings that met Wall Street's expectations and revenue that exceeded them.
The Denver company reported earnings of 4 cents a share, matching the consensus estimate of analysts surveyed by FactSet. Revenue reached $376 million against the estimate of $360 million.
For the third quarter, the company expects $385 million in revenue. Analysts in the FactSet survey are expecting third quarter revenue of $379.4 million.
For the full year Palantir more than doubled its expectation for adjusted free cash flow to more than $300 million from $150 million.
Palantir shares at last check were 8.8% higher at $24.31.
The company's booked contract value more than doubled (up 175%) from a year earlier to $925 million. Customer count jumped 61% in the first half.
Average revenue from the company's top 20 customers grew to $39 million in the second quarter from $36 million in the first quarter.
Earlier this year, Palantir said it was selected by the National Nuclear Security Administration to provide its security platform and related services in an $89.9 million, five-year deal.
Under the contract, the NNSA’s Office of Safety, Infrastructure and Operations said it will use Palantir for “knowledge management and data-driven decision-making” as part of a bigger project on safety, analytics, forecasting, and evaluation reporting.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
