Palantir Technologies Inc.
PLTR,
grew revenue more quickly than anticipated in its latest quarter, though earnings per share fell short of expectations. The software company on Thursday reported a fourth-quarter net loss of $156.2 million, or 8 cents a share, compared with a loss of $148.3 million, or 8 cents a share, in the year-prior quarter. After adjusting for stock-based compensation and other expenses, Palantir earned 2 cents a share, down from 3 cents a share a year earlier, while analysts tracked by FactSet were expecting 4 cents a share. Palantir’s revenue rose to $432.9 million from $322.1 million, while analysts surveyed by FactSet had been anticipating $418 million. The company saw a 47% bump in U.S. commercial revenue and a 26% increase in government revenue. Palantir added 34 net new customers during the fourth quarter….
