Shares of Palantir Technologies Inc. PLTR,
fell 6.3% in pre-market trading on Tuesday after the data and software integration company reported a surprising loss in the fourth quarter, although revenue has risen more than expected. The company reported a net loss that decreased to $ 148.3 million, or 8 cents a share, from $ 159.3 million, or 29 cents per share, in the prior year period. The company said its losses included $ 241.8 million in stock-based compensation and $ 18.9 million in employer payroll taxes. The FactSet consensus was for a profit of 2 cents per share. Revenue increased 40.4% to $ 322.1 million, exceeding the FactSet consensus of $ 300.7 million. Palantir expects revenue growth in the first quarter of 45% and revenue from 2021 to “more” 30%. The FactSet consensus for revenue of $ 1.41 billion in 2021 implies an increase of 29%. Palantir’s shares doubled (up 100.3%) in the last three months through Friday, while the S&P 500 SPX,
gained 8.5%.
