In this episode, Scott Becker breaks down four key reasons behind Palantir’s 13.5% stock drop.
Chapter 1: What are the key reasons behind Palantir's stock drop?
Chapter 2: How has Palantir's stock performed year to date?
Chapter 3: Why is Palantir's European business struggling?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Palantir plunges four quick points. So here's the deal with Palantir. Their stock is down about 13.5% today. It's still up about 41% year to date. Second, it's really down because it's European international business is getting clobbered this first quarter. Now third,
It still had total revenues this first quarter that really exceeded expectations. It had 3.9 billion in total revenues, which is a remarkable number. But notwithstanding it beating numbers, there's great concern that its sales growth is starting to slow. And particularly alarming to the markets was its international business, that that's gone down, not just missed estimates, but went down.
So that's what people are watching. Finally, its U.S. business did really well. In fact, its commercial business in the U.S. went way up. So we'll see what ultimately happens. But today's discussion, pale and tear plunges, four quick points. That's what we got for you. Thank you for listening to the Becker Private Equity and Business Podcast.