Palantir Sees FY24 Revenue $2.742B-$2.75B Vs $3.256B Estimate
Portfolio Pulse from Benzinga Newsdesk
Palantir has raised its revenue guidance for FY24 to between $2.742 billion and $2.75 billion, below the $3.256 billion estimate. The company also raised its US commercial revenue guidance to over $672 million, representing a growth rate of at least 47%. Adjusted income from operations is expected to be between $966 million and $974 million, with adjusted free cash flow between $800 million and $1 billion. Palantir continues to expect GAAP operating income and net income in each quarter of this year.
August 05, 2024 | 8:23 pm
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Palantir has raised its FY24 revenue guidance to $2.742 billion-$2.75 billion, which is below the $3.256 billion estimate. The company also raised its US commercial revenue guidance and expects significant growth in adjusted income from operations and free cash flow.
While Palantir has raised its revenue guidance, the new range is still below the market estimate of $3.256 billion. This mixed news could lead to neutral short-term price movement as investors weigh the positive growth in US commercial revenue and adjusted income against the lower overall revenue guidance.
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