Pltr’s results “mostly were really good,” says Schwab’s correspondent

After Palantir (Pltr) reported a profit by the first online quarter and the first highest revenue than expected, the Schwab’s Schwab network senior network correspondent, Kevin Green, told the network that the Platr results were “mostly really good.”

The actions are struggling because the company did not meet the high expectations of investors by the name, he said.

Green notes the impressive metrics of Pltr

The company’s front line increased by 39% in the first quarter against the same period of the year before, and its commercial income increased by 71% year -on -year and its government income jumped by 45% of Yoy, said Green. In addition, the firm increased its revenue guide for a whole year and increased its first line perspectives in the first quarter, reported.

Why do Pltr’s actions fight?

“The action was near its main ones” that went to the results and the orientation of the firm was not impressive enough to increase the enthusiasm of investors to increase the actions, Green reported.

“There was a very high bar” for Pltr heading to the report, he said.

But Pltr’s actions have been “overall”, the correspondent added.

The recent performance of Pltr’s shares

In the last month, the shares have increased by 38%, while they have won 3% in the last three months.

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Dissemination: None. This article is originally published in Insider Monkey.