8 days ago • Posted by William Ramstein

Palantir posts quarterly loss figures, stock falls 9%

Is it time to buy PLTR? The company's operating loss for the three months ending in December totaled $156.7 million. The Street was expecting operating profit of $48.1 million, according to Bloomberg data. For the full year, operating loss came in at $1.12 billion. However, excluding stock based compensation and other charges, Palantir swung to a profit of $189.9 million for the year. Fourth quarter revenue totaled $322 million, up 40% year-over-year. Palantir's full year 2020 revenue totaled $1.1 billion, up 47% year-over-year. Source: Yahoo

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