© Reuters Investing.com – US data specialist Palantir (NYSE:) increased its revenue more-than-expected last quarter, but disappointed markets with a weaker outlook. The stock lost nearly 20% at its peak.
Adjusted earnings per share of 2 cents were achieved in the first quarter, Palantir announced. The result was worse than many analysts expected (3.4 cents expected). First-quarter revenue was $446.4 million, an increase of 31% year over year. It is expected here 442.8 million dollars.
Adjusted EBITDA was $121.7 million, compared with $110.8 million analysts had expected. Adjusted operating margin was 26% in the first quarter.
Palantir expects second-quarter sales to be approximately $470 million. The forecast was lower than expected ($486.8 million). The company expects adjusted operating margin to be 20% for the second quarter and 27% for the full year.
Annual revenue growth is expected by more than 30% through 2025, according to PLTR.
Vital Knowledge described the outlook as “very modest”.
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