Palantir (PLTR) reported first-quarter adjusted earnings per share of $0.08, which was in line with expectations. He made $634 million in sales, slightly more than his expected $615.8 million.
Palantir's second-quarter sales were $649 million to $653 million, above expectations of $641.2 million, and adjusted operating income was $209.0 million versus expectations of $198.6 million. It is expected to be between $10,000 and $213 million.
The company also raised its full-year sales and adjusted operating profit forecasts.
Yahoo Finance's Julie Hyman and Josh Lipton analyze the company's quarterly results.
For more expert insights and the latest market trends, click here to watch the full episode of Market Domination Overtime.
This post was written by Stephanie Mikulich.
video transcript
The stock price has risen after the company announced Q1 results and raised its estimates, but interestingly, the company now expects full-year revenue to be between $2.68 billion and $2.69 billion. It was not raised significantly because of the The prediction is $2.68. Not a billion. The predictions here are not much better than expected. Let's also look at the numbers for the first quarter. Adjusted earnings per share. 8 cents, about what I expected. First quarter earnings. The $634 million is slightly higher than his $15.8 million, which analysts expected and adjusted for $6. His IBA in the first quarter. He earned $234.9 million more than the $204.7 million that analysts had expected. Stocks are taking a bit of a hit right now. Initially it rose. We've since raised our sales forecast, but now we're a little lower, so it's going to stay that way, uh, but if you look at the statement here, Josh, uh, there's nothing that stands out. did. Commercial, as you know, was a major company in the beginning. The company believed that much of its revenue came from government contracts and was then looking to seriously ramp up the commercial side of its business. In a statement, he noted that commercial revenue increased by 40% over the previous year. 50 million dollars for 100 people. The number of commercial customers increased by 69%. Well, that's what's being advertised here. Meanwhile, government revenue increased by 16%. It's much bigger. 335 million dollars. that's right. , I think the government side is interesting. Because it's like the end of the business there. They announced that kind of contract with the Army called the Titan Commercial. It's also really interesting, Julie, because of the competitive dynamics that are there and the way that it plays out. But obviously, a big part of what we're talking about with Schaefer on this is his IP, which is I, the artificial intelligence platform. And you can expect a lot of questions about this on the phone. customer requirements. And, of course, there appears to be monetization as well. Yeah, and what's also interesting is, uh, I don't see a better response. We will continue to dig deeper into stocks. And speaking of digging, we have an analyst who will talk to Rishi Gloria later on about these numbers. So maybe he can shed some light on the interception here. Well, you're part of it too. Remember this ramp to print? It's up about 40% this year. It's up 200% in the last 12 months. So Rishi is great. So we're lucky to have him.
