Palantir Sees Q1 2024 Revenue $612M-$616M Vs $617.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palantir Technologies Inc. has projected its Q1 2024 revenue to be between $612 million and $616 million, which is slightly below the analyst estimate of $617.21 million.
February 05, 2024 | 9:12 pm
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Palantir's Q1 2024 revenue projection falls short of analyst expectations, potentially impacting investor sentiment.
Revenue projections that fall short of analyst estimates can often lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. Given that the miss is relatively small, the impact might be moderate, but it still indicates a potential for short-term negative reaction in the market.
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