UPDATE: Palantir forecasts revenue out to 2021 before going public
Palantir Technologies Inc. said late Tuesday it expects revenue growth of up to nearly 50%. The company said it expects third-quarter revenue of $278 million to $280 million, or 46% to 47% growth from the year-ago quarter. For the year, Palantir forecast revenue of $1.05 billion to $1.06 billion, or year-over-year growth of 41% to 43%, and more than 30% growth in 2021. Palantir filed for a direct listing last month, in which existing shareholders would resell up to 244 million shares. (http://www.marketwatch.com/story/palantir-files-for-resale-of-up-to-2442-million-shares-which-could-be-valued-at-roughly-15-billion-2020-09-09). The company expects to begin trading on the New York Stock Exchange on Sept. 30 under the ticker symbol PLTR.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 22, 2020 17:52 ET (21:52 GMT)
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