Palantir’s Profit Nearly Quadrupled Over the Past Year.
Its Stock Fell 40% From Its High
Both Numbers Get Tested on Aug. 3. 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.