Palantir reported a third-quarter earnings beat this week, and during his victory lap, CEO Alex Karp provided a window into the values that drive him and his company despite what he frames as outside noise.
The software platform reported $1.18 billion in earnings for the third quarter, which narrowly beat analysts’ forecasts. Despite the earnings announcement and a quarter-four outlook that also beat Wall Street forecasts, Palantir shares fell 7.95% on Tuesday, erasing an initial 7% spike following the report. Analysts shared concerns that the tech giant’s performance and guidance don’t justify its valuation.
