Palantir crushes earnings, but the stock still falls

Palantir stock is down 29% in the past six months.

This comes even despite an earnings beat after the company reported Q1 earnings on Tuesday

Revenue jumped 85% in the first three months of the year to $1.63B (vs consensus estimate of $1.53B). The majority of that revenue, or $1.28 billion, came from the US alone.

In fact, Palantir said its U.S. business more than doubled over the past 12 months.

Wait, why did the stock fall then?

Valuation, valuation, valuation.

With a P/E ratio of 143 (on a company that was founded in the early 2000s), they have to be seen as a hyper-growth company by the Street, or will be taken to the woodshed.

Sentiment: slightly bearish, they still can't grow into commercial or international to the capacity they've previously claimed.