Shares of Palantir Technologies Inc. PLTR,
fell 6.3% in premarket trading on Tuesday after data and software integration company reported a surprising loss in the fourth quarter, although revenue rose more than forecast. The company reported a net loss of $ 148.3 million, or 8 cents a share, from $ 159.3 million, or 29 cents a share, a year ago. The company said its losses included $ 241.8 million in stock-based compensation and $ 18.9 million in employer payroll taxes. The FactSet consensus had a profit of 2 cents per share. Revenues increased 40.4% to $ 322.1 million, exceeding the $ 300.7 million FactSet consensus. Palantir expects revenue growth in the first quarter of 45%, and revenue in 2021 to grow “more than” 30%. The $ 1.41 billion FactSet revenue consensus of 2021 represents a 29% increase. Palantir shares have doubled (up 100.3%) in the last three months to Friday, while the S&P 500 SPX,
gained 8.5%.