Palantir Reports Strong Q1 Earnings but Faces Valuation Concerns
Palantir reported strong first-quarter earnings, with revenue rising 84% year-over-year to $1.63 billion and adjusted EPS more than doubling to $0.33, both exceeding Wall Street estimates. Despite the positive results, its stock fell over 7% post-earnings due to concerns about an expensive valuation.
Tickers: $PLTR
Topics: Palantir Q1 results stock price reaction