Palantir Technologies Stock Soars
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 May 2023
⏱️ 10 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Tuesday, May 9th, and I'm your host Julie Morgan. |
| 0:11.0 | Palantier Technologies is up in pre-market trading after the company tops expectations. |
| 0:17.0 | SMX shares rally, this happening after the company says it is ramping up efforts against stock manipulation. |
| 0:25.1 | LinkedIn is joining the growing list of tech companies getting rid of workers. |
| 0:29.6 | The company is letting go of 700 employees. |
| 0:34.1 | Our top story. |
| 0:35.6 | Palantier Technologies stocks sores as Q1 Tops Expectations. |
| 0:40.2 | Seeking Alpha Associate News Editor Kevin Curran has the details. |
| 0:44.6 | Palantier looks ready to continue its 2023 rebound on Tuesday after topping Q on expectations |
| 0:50.5 | and raising its sales guide. |
| 0:52.0 | The software company and Common Government Collabor soared over 25% in after hours trading on Monday and continued a similar gain into pre-market action on Tuesday. After the positive results for the first quarter and of course the raised outlook |
| 1:03.2 | which was abetted by a hefty serving of AI commentary in the earnings call |
| 1:07.8 | the company noted that its customer count rose 41% year over year and 7% |
| 1:11.9 | sequentially ending the period with 155 customers. percent, |
| 1:13.0 | ending the period with 155 customers. |
| 1:15.0 | On the profitability front, the company expects that AI efforts will continue to protect the bottom line |
| 1:20.0 | while continuing to drive revenue as well. |
| 1:22.0 | Management noted that there is unprecedented demand for the AI product offered by the company |
| 1:26.5 | with CEO Alex Carp noting that the demand for the product is, quote, |
| 1:29.8 | nothing I've ever seen in 20 years of being involved in Palantier, unquote. |
| 1:34.0 | Palantier shares had already rallied about 20% into the earnings result year to date. |
... |
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