Palantir

Shares of Palantir, which specializes in military software, plunged to a record low on Monday as CEO Alex Karp warned that the risk of nuclear war is “so ...

In a note to clients last month, Bank of America analysts said they “worry that some investors expecting a quick boost” in defense earnings due to the war in Ukraine will be “sorely surprised” by first-quarter results, noting it “takes time” for money to flow from legislators to the Treasury, and ultimately to businesses. That was Palantir’s loss in the first quarter, slightly better than a $123 million loss one year earlier. The firm reported $446.4 million in revenue, up 31% from the first quarter last year. After a meteoric surge in late 2020 left Palantir trading at 33 times forward-looking revenue (more than double the average multiple in the broader software-as-a-service industry), Morgan Stanley analyst Keith Weiss questioned whether Palantir is a “true software company” or just a “less desirable” government consulting firm. The firm, which provides artificial intelligence and data analytics services to mainly government clients, has also come under fire in the past for controversies involving racial discrimination, spying and copyright infringement. Though Karp in February said, “Bad times are very good for Palantir” because its products are “built for danger,” the CEO on Monday urged governments to weigh the risk of further escalation when deciding whether to intervene in Russia’s invasion of Ukraine, and told investors during a conference call that the risk of nuclear war is “so much more than presented in the public.”

The tech sector meltdown is chipping away at the fortune of Peter Thiel. Palantir Technologies Inc., Thiel's single-biggest equity position, plummeted as ...

So far this year he’s shed 19% of his net worth, now valued at $7.4 billion, according to the Bloomberg Billionaires Index. The tech sector meltdown is chipping away at the fortune of Peter Thiel. The slump erased about $270 million from the value of Thiel’s stake.

Palantir Technologies Inc forecast second-quarter revenue below Wall Street expectations on Monday, indicating slowing sales growth, as the data analytics ...

COO Sankar said the company saw 2 cents of loss per share related to Palantir's investments. But RBC Capital Markets analyst Rishi Jaluria said some of that impact should realistically start to show up as backlog. Analysts on average expected a revenue of $483.9 million.

Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir's ...

Analysts polled by Refinitiv expected a profit of $9.16 per share on revenue of $4.34 billion. BioNTech earned $14.24 per share on revenue of $6.37 billion. Analysts had expected a profit of $1.91 per share on revenue of $12.85 billion, according to Refinitiv. Analysts surveyed by Refinitiv expected 4 cents of earnings per share on $443 million of revenue. Analysts polled by Refinitiv were expecting earnings of 1 cent per share on revenues of $1.15 billion. The company reported 2 cents of adjusted earnings per share on $446 million of revenue.

(Bloomberg) -- Palantir Technologies Inc. shares plummeted as much as 22% on Monday, the biggest intraday drop since September 2020, after the software ...

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Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were tanking on.

He further noted that “a lot of this comes down to contract timing and the acceleration of events. “The upside is quite large.” “As our customers confront rapidly escalating conflict in Eastern Europe, runaway inflation, disrupted supply chains and a new wave of refugees, our products have become more essential than ever,” Sankar said. While Palantir PLTR, -21.31%slightly exceeded revenue expectations for its first quarter, it fell short on the bottom line. Palantir remained unprofitable on a GAAP basis in the latest quarter, though losses shrank. “In this macro environment, we feel very well-positioned for the full year and beyond,” Kevin Kawasaki, the company’s head of business development, shared on Palantir’s earnings call.