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Benzinga

Business

Henry Khederian

Why Palantir Technologies Shares Are Falling

Palantir Palantir Technologies NYSE Palantir Technologies Inc

Palantir Technologies Inc (NYSE:PLTR) shares are trading lower by 10.5% at $12.50 during Thursday's pre-market session after the company reported worse-than-expected fourth-quarter EPS results.

Palantir Technologies reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 4 cents. The company reported quarterly sales of $432.87 million which beat the analyst consensus estimate of $417.69 million by 4%. This is a 34% increase over sales of $322.09 million in the same period last year.

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