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A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020.
Andrew Kelly | Reuters
Shares of Palantir closed down more than 11% Monday after the company released third-quarter earnings that missed analyst estimates for earnings but beat on revenue.
Here’s how the company did:
- EPS: $0.01, adjusted, vs. $0.02 expected by analysts, according to Refinitiv.
- Revenue: $478 million vs. $470 million expected by analysts, according to Refinitiv.
Palantir’s revenue for the quarter increased 22% year over year, and its U.S. commercial…
Source cnbc.com
