Shares of Palantir Technologies Inc. PLTR,
fell 6.3% in premarket trading on Tuesday, after data and software integration company reported a surprise fourth-quarter loss, though revenue rose more than expected. The company reported a net loss of $ 148.3 million (8 cents per share) from $ 159.3 million (29 cents per share) in the previous year. The company said its losses included $ 241.8 million in stock-based compensation and $ 18.9 million in payroll taxes on employers. The FactSet consensus had a profit of 2 cents per share. Revenue increased 40.4% to $ 322.1 million, surpassing the $ 300.7 million FactSet consensus. Palantir forecasts first-quarter revenue growth of 45% and a 2021 increase “above” 30%. The FactSet consensus for 2021 revenue of $ 1.44 billion implies growth of 29%. Palantir shares have doubled (100.3%) in the last three months to Friday, while the S&P 500 SPX,
has gained 8.5%.