Shares of Palantir Technologies Inc. PLTR,
Pre-sale trading fell 6.3% on Tuesday, after the company integrated data and software reported a remarkable fourth-quarter loss, although revenues rose more than expected. The company reported net losses that shortened to $ 148.3 million, or 8 cents in installments, from $ 159.3 million, or 29 cents in shares, in the previous year. The company said its loss included $ 241.8 million in stock-based compensation and $ 18.9 million in employer payroll taxes. The FactSet consensus was for a profit of 2 cents per share. Revenue rose 40.4% to $ 322.1 million, beating FactSet’s consensus of $ 300.7 million. Palantir expects first-quarter revenue growth of 45% and 2021 revenue to rise “more than” 30%. FactSet’s consensus for 2021 revenue of $ 1.41 billion represents 29% growth. Palantir stock has doubled (up 100.3%) over the last three months through Friday, and the S&P 500 SPX,
has gained 8.5%.