Investors seem to have given a poor reception to Palantir Technologies' (PLTR) upbeat fiscal Q3 results. Shares of PLTR have been in a free fall, tanking 13% in the past five days. The company’s revenues soared 36% year-over-year to $392 million, handily beating analysts’ expectations of $385.02 million. It is important here to note that Palantir primarily earns revenues from the sale of subscriptions that provide access to its software in a hosted environment, like Palantir’s cloud-based services or through on-premises software and professional services. When it comes to Q4, Palantir anticipates revenues of $418 million and an adjusted operating margin of 22%.
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Palantir Technologies (NYSE:PLTR)
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