May 6, 2025, 12:00 AM
May 6, 2025, 12:00 AM
Palantir shares drop despite soaring revenues and optimistic guidance
- Palantir reported adjusted earnings of 13 cents per share on $884 million in revenues for Q1.
- Despite strong revenue growth, the company's stock fell over 10% due to valuation concerns.
- Analysts remain skeptical about Palantir's future growth, citing high valuations and declining international revenues.
On May 6, 2025, Palantir Technologies, a Colorado-based company specializing in data analytics and artificial intelligence, announced a significant surge in revenue, showcasing a 39% increase year-over-year. The firm reported a first-quarter adjusted earnings figure of 13 cents per share on $884 million in revenues, which surpassed analysts' expectations of 13 cents and $863 million respectively. This growth prompted Palantir to raise its full-year revenue outlook to between $3.89 billion and $3.90 billion, while CEO Alex Karp expressed his optimism about the company’s current trajectory during the earnings call, claiming that Palantir is
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