Palantir (PLTR) Shares Fall 9% Despite Positive Q3 Earnings Report

Shares of Palantir (NYSE: PLTR) are down nearly 9% today after the company presented its Q3 earnings report.

Palantir reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $392.1 million to top the consensus estimate of $385.02 million.

For this quarter, Palantir is calling for sales of $418 million, higher than the consensus of $402 million. The adjusted operating margin is seen at 22%.

Full-year sales are now expected at $1.53 billion, marking a 40% year-over-year growth. Palantir also maintained its outlook for annual revenue growth of 30% or more through 2025. Palantir raised FCF outlook to over $400 million, up from in excess of $300 million.

The company said it added 34 net new customers in Q3.

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