The company posted a first-quarter loss of $123.5 million, or 7 cents a share, vs. a loss of $54.3 million, or 10 cents a share, in the comparable year-earlier period.
Revenue jumped 49% to $341.2 million from $229.3 million a year ago and well ahead of analysts’ forecasts of $332.2 million.
TheStreet's M. Corey Goldman noted that investors zeroed in on stock compensation costs, which more than tripled during the quarter, contributing to the wider-than-expected loss. On an adjusted basis, Palantir said it earned 4 cents a share, matching analysts' forecasts.
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