Shares of Palantir Technologies Inc. PLTR,
fell 6.3% in pre-trading on Tuesday, after the data integration and software company reported a surprising loss in the fourth quarter, although revenue rose more than forecast. The company reported a net loss that decreased to $ 148.3 million, or 8 cents per share, from $ 159.3 million, or 29 cents per share, in the previous year. The company said its losses included $ 241.8 million in share-based compensation and $ 18.9 million in employer taxes. The FactSet consensus was for a 2 cents earnings per share. Revenue rose 40.4% to $ 322.1 million, beating the $ 300.7 million FactSet consensus. Palantir expects revenue growth in the first quarter to rise by 45% and revenue by 2021 “greater than” 30%. The $ 1.41 billion FactSet Consensus for 2021 revenue implies 29% growth. Palantir’s share has doubled in the past three months to Friday (by 100.3%), while the S&P 500 SPX,
achieved 8.5%.
