Palantir Technologies Q2 EPS $0.05, Inline, Sales $533.32M Miss $533.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palantir Technologies reported Q2 earnings of $0.05 per share, in line with analyst consensus. This is a 600% increase from the same period last year. However, the company's quarterly sales of $533.32M missed the analyst consensus estimate of $533.88M by 0.11%, though it's a 12.75% increase from last year.
August 07, 2023 | 8:06 pm
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NEUTRAL IMPACT
Palantir's Q2 earnings met expectations, showing a significant YoY increase. However, sales slightly missed estimates, despite a YoY increase.
Palantir's earnings met expectations and showed a significant YoY increase, which is positive for the stock. However, the slight miss on sales, despite a YoY increase, could have a neutralizing effect. The overall impact on the stock is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100