Data analytics group Palantir lifted its full-year outlook after a forecast-beating first quarter, although not by as much as Wall Street expected.
The company forecast full-year revenue between $2.68bn and $2.69bn, which was slightly higher than its previous estimate, but below consensus expectations for $2.71bn, according to a LSEG poll.
Its projection for revenue of $649mn to $653mn in the current quarter was below Wall Street forecasts.
However, Palantir’s forecast for adjusted income from operations for the full year exceeded Wall Street estimates. Net income of $106mn on revenue of $634mn during its first quarter edged past forecasts.
Shares in the company were last down 6 per cent.
This article was originally published by Www.ft.com. Read the original article here.