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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why Palantir Looks Set To Bounce

Palantir Technologies, Inc (NYSE:PLTR) fell to a new all-time low of $7.32 on Monday after printing mixed first-quarter financial results and guiding its second-quarter revenue below analyst estimates.

Palantir reported quarterly earnings of 2 cents per share, which missed the 4-cent analyst consensus estimate, but sales of $446.00 million, beating the consensus estimate of $443.42 million. For the second quarter, Palantir said it expects quarterly sales of $470 million, which is below the $483.84 million estimate.

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