Palantir Stock Plunges 15% on ‘Very Light’ Outlook
2022.05.09 16:45
Palantir (PLTR) Stock Plunges 15% on ‘Very Light’ Outlook
Shares of Palantir Technologies (NYSE:PLTR) are down 15% after the company offered a worse-than-expected outlook.
PLTR reported Q1 adjusted EPS of 2c, missing the consensus estimates of 3.4c per share. Revenue in the first quarter came in at $446.4 million, up 31% YoY and above the estimated $442.8 million.
Adjusted EBITDA stood at $121.7 million, while analysts were looking for $110.8 million. Adjusted operating margin stood at 26% in Q1.
For Q2, Palantir expects revenue of roughly $470 million, short of the projected $486.8 million. The company expects Q2 adjusted operating margin of 20% and a full-year adjusted operating margin of 27%.
PLTR also said it anticipates annual revenue growth of over 30% through 2025.
Vital Knowledge described the outlook as “very light.”
By Senad Karaahmetovic
