Palantir soars as Q4 revenues surge
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 February 2024
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, February 6th. I'm Julie Morgan. |
| 0:12.9 | Palantier is up double digits pre-market after Q4 results topped expectations. |
| 0:18.8 | A court refuses to dismiss a lawsuit in Georgia against Bayer, and the tech industry announced even more |
| 0:25.0 | layoffs on Monday adding to the growing list. Palantir technology surged |
| 0:30.9 | more than 13% in extended hours trading on Monday after the enterprise software company reported fourth quarter results that topped expectations. |
| 0:40.0 | Pre-market Palantir is up more than 19%. For the period ending December 31st |
| 0:46.7 | the company earned 8 cents per share on 608.35 million dollars. |
| 0:51.8 | Compared to the Wall Street estimate of $8.102.88 million in revenue. |
| 0:58.4 | The company said U.S. commercial revenue during the period rose 70% year over a year to $131 million while the |
| 1:06.7 | customer account grew 55% over the same time frame. Total commercial |
| 1:11.7 | contract value during the period rose 107 percent year over year to |
| 1:17.0 | $343 million. |
| 1:19.5 | The company issued a mixed bag of guidance, however, as it sees first quarter revenue below expectations |
| 1:26.0 | but full year above estimates. |
| 1:28.4 | For the coming quarter it expects sales between 612 and 616 million dollars that's below the |
| 1:35.2 | 617.44 million dollars that analysts expect. |
| 1:40.1 | For the full year revenue is forecast to be between 2.652 billion and 2.66 billion dollars, |
| 1:47.2 | above the 2.64 billion dollar consensus. |
| 1:51.5 | The 11th U.S. Circuit Court of Appeals refused to dismiss a Georgia doctor's lawsuit claiming that Bayer's round up weed killer cost cancer. |
| 2:00.0 | Reaching the same conclusion as several other appeals courts in similar lawsuits. |
| 2:05.0 | The court rejected Bayer's argument that federal regulators' approval of round-up |
... |
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