Palantir (NYSE:PLTR) and its peers in the data analytics industry have reported mixed results for the fourth quarter of 2023, with some companies beating revenue estimates while others fell short. According to our analysis, the four data analytics stocks we track saw an average revenue beat of 0.9% compared to analyst consensus, with next quarter's revenue guidance coming in 1% below consensus.
Despite a strong finish to 2023, these stocks have experienced volatility in 2024 due to uncertainty around inflation and the potential for rate cuts.
Palantir (NYSE:PLTR) reported revenues of $608.4 million, a 19.6% year-over-year increase that was in line with analyst expectations. The company also beat analysts' billings estimates and provided guidance for accelerating growth in the future.
As a result, Palantir's stock has risen 23.
Reference: Found hereDespite a strong finish to 2023, these stocks have experienced volatility in 2024 due to uncertainty around inflation and the potential for rate cuts.
Palantir (NYSE:PLTR) reported revenues of $608.4 million, a 19.6% year-over-year increase that was in line with analyst expectations. The company also beat analysts' billings estimates and provided guidance for accelerating growth in the future.
As a result, Palantir's stock has risen 23.
As the Q4 earnings season wraps, let⁘s dig into this quarter⁘s best and worst performers in the data analytics industry, including Palantir (NYSE:PLTR) and its peers.
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