Palantir Outlook Misses Estimates as Growth Slows Amid Softening Demand

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Palantir Outlook Misses Estimates as Growth Slows Amid Softening Demand

MarketWatch2022-08-08

Shares of Palantir Technologies could come under selling pressure Monday after the data analytics software company provided guidance for both the September quarter and the full year that was shy of ...

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Pluto891
·2022-08-08
oop!
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YYKTAN
·2022-08-08
Pls liek
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YYKTAN
·2022-08-08
Latest
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2
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CHECK1894
·2022-08-08
Bad
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blessed_1
·2022-08-08
[What]
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Guavaxf30
·2022-08-08
This is dissappointing. Many were expecting this to be the pivotal quarter where Palathir will go back up to last year's high, and beyond. Instead, this will make investors question when will the turnaround happen. How long more to wait ?
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Remotecam
·2022-08-08
Plunged -19% pre market after guidance release. Just when I thought things was looking up for $Palantir Technologies Inc.(PLTR)$ investors. [Facepalm]
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Black83black
·2022-08-08
👍🏻😵
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Echowhiskey
·2022-08-08
Everything up, stocks still down in price. What they know about business... talk much only.
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Palantir said its U.S. customer count has grown 250% from a year ago to 119 from 34.David Glazer, Palantir’s chief financial officer, said in an interview that the current global geopolitical and macroeconomic uncertainty “lines up exceptionally well for us in the long term.” But he also noted that the company is “chasing very large deals” from government clients, and that timing on many of those projects “is more uncertain than we might like.”Glazer noted that the international business was affected by the strength of the U.S. dollar, although the company doesn’t provide a currency adjusted figure. He added that Palantir is seeing some slowing business in Europe as a result of the strength of the dollar, which makes “upsells more challenging.”For the third quarter, Palantir sees revenue of $474 million to $475 million, with operating income of $54 million to $55 million, falling shy of the Wall Street consensus of $500 million in revenue and $145 million in non-GAAP operating income.Palantir projected full-year revenue of $1.9 billion to $1.902 billion, with adjusted operating income of $341 million to $343 million; analysts’ consensus has been $1.96 billion in revenue and non-GAAP operating income of $531 million. The new guidance implies full-year growth of 23%.In previous quarters, Palantir had projected annual growth of 30% or better through 2025. 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Many were expecting this to be the pivotal quarter where Palathir will go back up to last year's high, and beyond. Instead, this will make investors question when will the turnaround happen. How long more to wait ?","listText":"This is dissappointing. Many were expecting this to be the pivotal quarter where Palathir will go back up to last year's high, and beyond. Instead, this will make investors question when will the turnaround happen. How long more to wait ?","text":"This is dissappointing. Many were expecting this to be the pivotal quarter where Palathir will go back up to last year's high, and beyond. Instead, this will make investors question when will the turnaround happen. How long more to wait ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904019041","repostId":1132263741,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904034736,"gmtCreate":1659957032030,"gmtModify":1703476352896,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4093854476996450","authorIdStr":"4093854476996450"},"htmlText":"Plunged -19% pre market after guidance release. Just when&nbsp;I thought things was looking up for <a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> investors. [Facepalm]","listText":"Plunged -19% pre market after guidance release. Just when&nbsp;I thought things was looking up for <a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> investors. [Facepalm]","text":"Plunged -19% pre market after guidance release. Just when I thought things was looking up for $Palantir Technologies Inc.(PLTR)$ investors. [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904034736","repostId":1132263741,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904034402,"gmtCreate":1659956996711,"gmtModify":1703476352725,"author":{"id":"3576542985729070","authorId":"3576542985729070","name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576542985729070","authorIdStr":"3576542985729070"},"htmlText":"👍🏻😵","listText":"👍🏻😵","text":"👍🏻😵","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904034402","repostId":1132263741,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9904034962,"gmtCreate":1659956856559,"gmtModify":1703476351555,"author":{"id":"3586927510697647","authorId":"3586927510697647","name":"Echowhiskey","avatar":"https://static.tigerbbs.com/094b10d09de8295aa44524e91fdc3efc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3586927510697647","authorIdStr":"3586927510697647"},"htmlText":"Everything up, stocks still down in price. What they know about business... talk much only.","listText":"Everything up, stocks still down in price. What they know about business... talk much only.","text":"Everything up, stocks still down in price. What they know about business... talk much only.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904034962","repostId":1132263741,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":63,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}