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Palantir revenue tops expectations but earnings fall short


Palantir Technologies Inc.

grew revenue more quickly than anticipated in its latest quarter, though earnings per share fell short of expectations. The software company on Thursday reported a fourth-quarter net loss of $156.2 million, or 8 cents a share, compared with a loss of $148.3 million, or 8 cents a share, in the year-prior quarter. After adjusting for stock-based compensation and other expenses, Palantir earned 2 cents a share, down from 3 cents a share a year earlier, while analysts tracked by FactSet were expecting 4 cents a share. Palantir’s revenue rose to $432.9 million from $322.1 million, while analysts surveyed by FactSet had been anticipating $418 million. The company saw a 47% bump in U.S. commercial revenue and a 26% increase in government revenue. Palantir added 34 net new customers during the fourth quarter. Looking to the first quarter, the company anticipates $443 million in revenue, whereas the FactSet consensus was for revenue of $439 million. The company expects a 23% adjusted operating margin for the first quarter and a 27% adjusted operating margin for the full year. Shares of Palantir have declined 40% over the past three months as the S&P 500

has lost 5%.

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