(VIANEWS) – Palantir (PLTR), is down 1% at $7.85 on Monday’s premarket. The big data company reported a miss of 1 penniet adjusted earnings per share (EPS), and a revenue increase of $2.8 million. The adjusted earnings per share (EPS) of the Peter Thiel-backed firm was $0.01 on $478 million in revenue, an increase of 22% YoY.

FXStreet confirmed that 62% of revenues came from the US, which is $297 million. It was a 31% increase in revenue compared to the same period last year. Palantir is long associated with the US military contracts. It was therefore positive that Palantir’s US commercial business grew faster than its US government segment (+55% YoY).

Shares of Palantir (NYSE: PLTR) dropped by a staggering 10.09% to $7.13 at 10:51 EST on Monday, after five consecutive sessions in a row of losses. NYSE is jumping 0.04% to $14,709.27, following the last session’s upward trend. This seems, so far, a somewhat positive trend trading session today.

Palantir’s last close was $7.93, 72.06% under its 52-week high of $28.38.

Palantir stock earnings: PLTR shares drop 1% following narrow EPS misstep

Palantir’s US military contracts have been a long-standing association with the company. It was therefore positive that Palantir’s US commercial business grew faster than its US government segment (+55% YoY). Palantir now expects to guide for $554 million in fourth quarter. This is just below its previous Wall Street consensus of $506 millions.

About Palantir

Palantir Technologies Inc. develops and deploys software platforms to support counterterrorism operations and investigations in America. Palantir Gotham is a platform that allows users to find patterns in data. It can be used to detect signals intelligence sources and confidential informants reports. The platform also facilitates handoffs between operational users and analysts, which helps operators to plan and implement real-world solutions to the threats identified by the platform. Palantir Foundry is a platform which transforms how organizations work by creating an operating system central for all data. It allows users to connect and analyse the data that they require in one location. It also offers apollo software, which allows customers to create their software in virtually any environment. Palantir Technologies Inc. is an American company that was founded in 2003. Its headquarters are in Denver, Colorado.

Earnings Per Share

As for profitability, Palantir has a trailing twelve months EPS of $-0.28.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -23.89%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 30.8%, now sitting on 1.65B for the twelve trailing months.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 25% and positive 25% for the next.

Volatility

The intraday variation of Palantir’s latest week, month, and quarter was negative at 2.62%, negative at 0.15% and positive at 2.78%, respectively.

Palantir had the highest average volatility amplitudes of 2.62%, 2.28% and 2.78% in last week.

More news about Palantir (PLTR).

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