Palantir stock slides after mixed quarterly result
For the year, data software company posts its first operating profit, ending nearly 20 years of losses
16 February 2021 - 17:39
San Francisco — Palantir Technologies racked up more operating losses in the fourth quarter, failing to meet expectations that the data software company would finally break even.
The Denver-based company reported an adjusted operating loss of $156.6m in the period that ended in December. Analysts on average expected an operating profit of $48.1m, according to data compiled by Bloomberg. The shares were down about 8% early on Tuesday...
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