Palantir Q1 Earnings: Revenue Beat, EPS In Line, Customer Count Up 39%, Company Raises Guidance Citing 'Surging And Ferocious Growth'

Palantir Technologies reported first-quarter results after Monday’s market close, with shares falling 9.14%, according to Benzinga. The company beat revenue estimates with $883.86 million and matched analyst expectations with adjusted earnings of 13 cents per share. Palantir has either met or exceeded analyst expectations for revenue and earnings in seven consecutive quarters. It expects second-quarter revenue to be in the range of $934 million to $938 millio, versus estimates of $899.12 million. Palantir expects full-year revenue of $3.89 billion to $3.90 billion, surpassing both its previous outlook and analyst expectations. CEO Alex Karp called Palantir’s growth unparalleled, noting it would be remarkable even for a company one-tenth its size.