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Kiplinger
Kiplinger
Business
Joey Solitro

Palantir's Growth Story Remains Intact Despite Guidance Miss

Palantir logo outside of 2024 World Economic Forum in Davos, Switzerland.

Palantir Technologies (PLTR) stock is tumbling Tuesday after the software provider reported strong first-quarter results late Monday, but provided soft guidance for the full year. Still, one analyst says PLTR's growth story remains intact.

In the three months ended March 31, Palantir said its revenue was up 21% year-over-year to $634.3 million. Earnings per share (EPS) improved to 8 cents per share from 5 cents per share in the year-ago period.

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