Palantir shares tumble after surprise loss, although earnings exceed expectations


Palantir Technologies Inc. PLTR Shares,
-3.62%
It fell 6.3% in premarket trading on Tuesday, after the software and data integration company reported a surprise loss in the fourth quarter, though revenue rose more than expected. The company reported a net loss that fell to $ 148.3 million, or 8 cents a share, from $ 159.3 million, or 29 cents a share, in the same period last year. The company said its losses included $ 241.8 million in share-based compensation and $ 18.9 million in employer payroll taxes. The FactSet consensus was a profit of 2 cents per share. Revenue increased 40.4% to $ 322.1 million, beating the FactSet consensus of $ 300.7 million. Palantir expects first quarter revenue growth of 45% and 2021 revenue to increase “over” 30%. The FactSet consensus for 2021 revenue of $ 1.41 billion implies growth of 29%. Palantir’s shares have doubled (up 100.3%) for the past three months through Friday, while the S&P 500 SPX,
+ 0.47%
has gained 8.5%.

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