(Palantir) Shares of Palantir fell more than 15% in premarket on Monday after posting a profit of 2 cents per share, missing expectations of 4 cents per share.
The missed earnings came despite the revenue jumping 31% from the prior year to an above-estimate level of $446 million. Commercial revenue was up 54% from the prior year.
Palantir also announced that its customer count increased by 86% from the prior year.
The company reported loss profit operations of $39 million, an increase of 2,400 basis points from the prior year. Adjusted income from operations was reported at $117 million, or a margin of 26%.
Palantir guided revenue of $470 million in the second quarter. The annual revenue is expected at around 30% or higher through 2025.
The company also projects an operating margin of 20% in the second quarter or 27% in full-year 2022.
PLTR: NYSE is down -15.30%.
