Palantir Q4 Earnings: Revenue Beat, EPS In Line, Continued GAAP Profitability Ahead And More
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) reported Q4 earnings with a 20% year-over-year revenue increase to $608 million, surpassing estimates. Adjusted EPS was in line with expectations at 8 cents. The company saw a 32% increase in commercial revenue and an 11% increase in government revenue. Palantir has achieved GAAP profitability for five consecutive quarters and expects Q1 revenue between $612 million and $616 million, slightly below estimates. Full-year 2024 revenue is projected between $2.652 billion and $2.668 billion. Shares rose 15.2% after hours to $19.21.
February 05, 2024 | 9:23 pm
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Palantir reported a 20% increase in Q4 revenue to $608 million, beating estimates, and an adjusted EPS of 8 cents. The company anticipates Q1 revenue slightly below estimates but projects strong full-year 2024 revenue and continued GAAP profitability.
Palantir's Q4 earnings report exceeded revenue expectations and met EPS estimates, indicating strong financial health and operational efficiency. The positive outlook for 2024 and the immediate after-hours stock price increase suggest a bullish short-term impact on PLTR's stock.
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