Palantir's Growth Story Remains Intact Despite Guidance Miss

Palantir stock is falling after the company's full-year outlook fell short of expectations, but one analyst says you needn't worry.

Palantir logo outside of 2024 World Economic Forum in Davos, Switzerland
(Image credit: Stefan Wermuth/Bloomberg via Getty Images)

Palantir Technologies (PLTR) stock is tumbling Tuesday after the software provider reported strong first-quarter results late Monday, but provided soft guidance for the full year. Still, one analyst says PLTR's growth story remains intact.

In the three months ended March 31, Palantir said its revenue was up 21% year-over-year to $634.3 million. Earnings per share (EPS) improved to 8 cents per share from 5 cents per share in the year-ago period.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.