Palantir

Posted on | by Leon Hinde | Leave a Comment on Palantir

PLTR:NYS shares were more than 30 per cent higher after the company reported big demand for its artificial intelligence technology and gave a higher-than-expected profit outlook for 2024.

Wedbush Securities called Palantir “an undiscovered gem and a core part of our thesis in the AI Revolution just now taking shape across the tech world”. Wedbush said it believes Palantir is on track to be included in the S&P 500.

FY 2023 Highlights

  • Revenue grew 17% year-over-year to $2.23 billion
  • Commercial revenue grew 20% year-over-year to $1.0 billion
    • US commercial revenue grew 36% year-over-year to $457 million
  • Government revenue grew 14% year-over-year to $1.2 billion
  • GAAP net income of $210 million, representing a 9% margin
  • GAAP income from operations of $120 million, representing a 5% margin
  • Cash from operations of $712 million, representing a 32% margin
  • Adjusted free cash flow of $731 million, representing a 33% margin
  • Adjusted income from operations of $633 million, representing a 28% margin

US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Monday, February 5 – McDonald’s, Caterpillar, Vertex Pharmaceuticals, Tyson Foods, NXP Semiconductors, and Estee Lauder.

Tuesday, February 6 – Eli Lilly, Toyota Motor, Centene, Amgen, Ford Motor, and BP. 

Wednesday, February 7 – Alibaba, CVS Health, Fox Corporation, McKesson, Disney, Uber Technologies, and PayPal.

Thursday, February 8 – ConocoPhillips, Philip Morris, Duke Energy, Expedia, Take-Two Interactive, Pinterest, and Kenvue.

Friday, February 9 – PepsiCo, Newell Brands, and AMC Networks.