Shares of Palantir Technologies (PLTR.US) gained more than 17% at the close of yesterday's Wall Street session after Q4 results and forecasts for the coming quarters appeared to beat analysts' average estimates.
"Our commercial business is growing at a pace at which we don't know how to cope," - Alex Karp, the company's CEO, said. Palantir Technologies Inc. added that demand for its artificial intelligence-based products is driving sales.
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- Revenue from $2.65 billion to $2.67 billion, estimated $2.66 billion
- Adjusted operating profit of $834 million to $850 million, estimated $760.3 million
- Adjusted free cash flow from $800 million to $1 billion
FIRST QUARTER FORECAST
- Revenue from $612 million to $616 million, estimated $617.4 million
- Adjusted operating profit: $196 million to $200 million, estimated $170.9 million
Q4 RESULTS
- Revenues $608.4 million, +20% y/y, estimated $603.1 million
- Operating profit $65.8 million vs. loss of $17.8 million y/y
- Cash and cash equivalents $831.0 million, -68% y/y, estimated $1.75 billion
- Adjusted operating profit $209.4 million, +83% y/y, estimated $187.4 million
- Adjusted Ebitda $217.3 million, +79% y/y, estimated $194.8 million
- Adjusted free cash flow $304.8 million vs. $75.8 million y/y
- Adjusted operating margin 34% vs. 22% y/y, estimated 31.1%
Above dashboards with company highlights. Source: XTB Research
Reaction to the company's results lifted its shares more than 17% higher after the close of yesterday's session. Source: xStation
