Palantir Technologies Raises FY23 Revenue Outlook From $2.21B To $2.216B-$2.22B Vs. $2.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Palantir Technologies has increased its revenue guidance for FY23 from $2.21 billion to a range of $2.216 to $2.22 billion. The company also raised its adjusted income from operations guidance to between $607 and $611 million. It continues to expect GAAP net income in each quarter of this year.
November 02, 2023 | 11:03 am
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POSITIVE IMPACT
Palantir's raised revenue and adjusted income guidance for FY23 could potentially boost investor confidence and positively impact the company's stock price in the short term.
Companies often see a positive reaction in their stock price when they raise their financial guidance, as it signals stronger than expected performance. In this case, Palantir's raised revenue and adjusted income guidance for FY23 could be seen as a positive sign by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100