Palantir's Profit Nearly Quadrupled Over the Past Year. Its Stock Fell 40% From Its High. Both Numbers Get Tested on Aug. 3.
The business and the stock spent a year moving in opposite directions. Monday's report decides whether the gap keeps closing.
Overview
Over the past 12 months, Palantir Technologies (NASDAQ: PLTR) earned $2.28 billion in net income on $5.2 billion of revenue, nearly quadruple what it earned over the prior-year period. Its stock, meanwhile, fell 40% from a high of $207.52 to about $124 as of this writing.
Both numbers are accurate, and they don't contradict each other. A stock isn't a business. It's a price attached to one. Palantir's business kept accelerating while investors marked down what they were willing to pay for each dollar of it.
Details
On Monday, Aug. 3, after the market closes, the second-quarter report will test both sides of that trade at once.
Source
Originally published at www.fool.com.