Palantir (PLTR) shows 52% growth in Q3 earnings report

first_imgPalantir, the maker of software and analytics tools for the defense industry and large corporations, reported 52% revenue growth in its first earnings announcement since going public in September.The stock bounced around in extended trading, falling more than 8% before bouncing back and gaining more than 4%. It plunged 8.7% during the regular trading day.Here are the key numbers:Earnings: Loss of 94 cents per share vs loss of 24 cents a year earlier.Revenue: $289.4 million vs $279.4 million expected, according to analysts polled by Refinitiv.- Advertisement – – Advertisement – For the third quarter, the company reported an operating loss of $847.8 million due to an $847 million charge for stock-based compensation.Palantir raised its full-year revenue guidance to between $1.07 billion and $1.072 billion, which would represent 44% growth from a year earlier. The company previously said sales for the year would reach $1.06 billion. Adjusted operating income in 2020 is expected to be between $130 million and $136 million.Co-founded in 2003 by tech investors Peter Thiel and Joe Lonsdale, CEO Alex Karp and others, Palantir provides data analytics software and services to government agencies, including the Defense Department, the U.S. Food and Drug Administration and the intelligence community. It also sells to companies like aircraft manufacturer Airbus and energy producer BP.- Advertisement – Palantir’s stock opened at $10 in its direct listing on Sept. 30, and has since climbed 46% to close at $14.58 on Thursday. Investors are paying close attention to the company’s customer base, which was limited to 125 in the first half of 2020. As the company focuses more on software and less on services, it’s trying to make it easier for clients to start using the product so it can expand its reach and bring down sales costs.“Our customer concentration is decreasing,” the company said in the release. Palantir said that 61% of its revenue for the first nine months of the year came from its top 20 customers, down from 68% over the same stretch in 2019. The company didn’t provided an updated customer count.The company also said that new contracts in third quarter included a $91 million deal with the U.S. Army, a $36 million contract with the National Institutes of Health $36 million and a $300 million renewal with an aerospace customer. Palantir didn’t break out third-quarter revenue by its commercial and government segments, another key detail for investors. In the first half of the year, 54% of revenue came from government clients, with the rest coming from commercial customers.Company executives will host a conference call to discuss results at 5 p.m. ET.This is breaking news. Please check back for updates.WATCH: Full interview with Palantir co-founder Joe Lonsdale on company outlookcenter_img A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020.Andrew Kelly | Reuters – Advertisement –last_img read more

flydubai included Dubrovnik in the seasonal flight schedule

first_imgflydubai, an airline based in Dubai, has included Dubrovnik on its seasonal flight schedule for 2018, making flydubai the first airline to have direct flights from the United Arab Emirates to Dubrovnik.Dubrovik will thus be connected directly with the UEA from April 10 to October 25, 2018, up to four times a week. With this, flydubai will increase its European network for next summer to 22 destinations, which includes 11 destinations in Russia, Bosnia and Herzegovina, Bulgaria, the Czech Republic, Macedonia, Montenegro, Romania, Serbia, Slovakia, Turkey, then two destinations in Ukraine and a new seasonal line in Croatia.Supported by the delivery of new aircraft in 2017, flydubai continues to expand its network connecting more than 100 destinations in 45 countries with more than 1.700 weekly flights.last_img read more

Don’t be fooled by North Korean charm

first_imgCategories: Letters to the Editor, OpinionI’m appalled at recent articles from the New York Times printed in The Gazette, and similar stories from CNN and NBC, which treat North Korea as a normal nation and Kim Yo Jong as charming. North Korea may be the worst place on Earth, thanks to Kim Yo Jong and her brother. I lived in Seoul for a year and recently traveled back there, and I follow Korean politics. It’s difficult to summarize how the tragic history tears at the hearts of the Korean people. Koreans are one people, yet a significant fraction of them live in an Orwellian dictatorship in North Korea, where people suffer with diseases that would be easily treatable in South Korea, where hospitals often have no running water, where people even starve to death — except for the few who live like Kim Yo Jong. Even friends of the dictator sometimes fall out of favor and are brutally murdered (his own aunt and uncle). You may read the shocking tales of defectors, if you have a strong stomach. Those suffering are the close relatives of the free people of the democratic South.As for South Korea, current president Moon Jae-In (whose name, appropriately, is a homonym of problem person) won the recall election with 41 percent of the vote because the opposition split votes amongst several candidates. He has always been a strong proponent of closer ties to the brutal dictatorship. This “reunification at any cost” cry may resonate with college students and some others, but not with those who remember the horrible invasion of South Korea by Kim Jong-Eun’s (and Kim Yo Jong’s) grandfather and its aftermath. The entire nation suffered under Japanese occupation, and suffering was prolonged for all by the actions of the North. Sadly, for those in the North, it continues to this day, despite the ludicrous charm offensive.As terrible as the news coverage of Kim Yo Jong has been, it’s matched by the outrageous comment of NBC’s “Asia expert” Joshua Cooper Ramo about “every” Korean respecting Japan. But that’s another story.James T. OrrNiskayunaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationPuccioni’s two goals help Niskayuna boys’ soccer top Shaker, remain perfectEDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

Pension funds split over meaning, duration of long-termism

first_imgPension funds regard themselves as long-term investors but disagree on what factors should define the ideal time horizon, according to a survey by IPE magazine.One-quarter of respondents to the Focus Group survey for the November issue of IPE said 3-5 years constituted a ‘long-term’ view, while nearly 78% of respondents considered themselves to be long-term investors.Only one respondent rejected the label outright.One UK pension investor pointed to the need for a long-term approach based on long-term liabilities, while an Austrian pension fund argued that it was important to take a generational view – at least when managing the assets of beneficiaries up until 45. There was less agreement among the 36 European respondents, managing nearly €290bn in combined assets, as to what constitutes ‘long term’ when investing in public market assets.More than one-third of pension investors said taking a 7-10 year view was long term, whereas nearly 14% believed the better definition was considering investments over the course of a business cycle.One-quarter of funds said a 3-5 year time horizon was adequate, and 17% argued in favour of a generational view, spanning 15-25 years.One respondent, a UK local authority scheme, said the long-term perspective manifested itself in asset allocation decisions, pointing to the development of emerging markets over the course of a generation.The fund added: “Stock selection does tend to take a shorter view, and this is probably dysfunctional.”A second UK corporate fund questioned whether the idea of long-term investing in public markets was compatible.“The idea that long-term investment should be public market inherently seems to be at odds with long-term investing,” it said.“Public markets are driven by short-term liquidity and [mark-to-market] ideology, which is anathema to long-term investing, which is about long-term, sustainable cash flows.”Despite this, nearly half of respondents did not see a problem in finding external public market asset managers “willing and able” to invest for the long term, and only 9% rejected the notion out of hand.One-quarter of respondents said asset managers could be found, but only for certain asset classes.A Swedish investor blamed the regulatory environment, not asset managers.“[The] main hassle is the short-term view of the regulator and new regulations where you value your liability against a short-term model,” it said.A second Swedish investor concurred.“If anything,” it said, “regulation is a problem – in particular, its tendency to change radically every 5-10 years.”When asked which factors prevented long-term investing, 24% cited the regulatory environment and 21% the maturity of their liabilities.Only 20% said the asset management industry’s unwillingness or skill was at fault.One respondent cited the career risk of misguided long-term investments.For more details on October’s Focus Group, see the current issue of IPElast_img read more

Extra due diligence boosts sight unseen sales

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSpring selling predictions for 202002:37REPORTS of site unseen sales continue to flood in on the Gold Coast where agents and vendors are going above and beyond to build confidence among interstate buyers.Two luxury waterfront villas in Broadbeach Waters have sold to southern buyers who are yet to step inside their new properties.Last month, a Melbourne buyer paid $2 million for Villa 1/19 Havana Key while a Sydney buyer paid $2.1 million for Villa 2. Expert tips: How to buy in a hot market 1&2 / 19 Havana Key, Broadbeach Waters.Mr Harrison said providing all of the key information from the outset empowered remote buyers to make confident decisions.“If you do all of the due diligence upfront and make everything you can possible get available, buyers can transact with confidence. We’re making it as easy as possible and not holding anything back.”That due diligence now includes providing remote buyers with an independent pre-sale building and pest report and an independent valuation. More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The three level lock and leave villas overlook the water.As well as having access to promotional videos, high quality photography and FaceTime tours, remote buyers are taking virtual tours with the help of 3D scanning technology.“Buyers can walk into every room and look at everything as if they were in the property,” Mr Harrison said. “We’ve all pivoted in this market to really embrace the technology that’s available.”With borders closed and parts of the country still in lockdown, agents report buyers securing Gold Coast holiday homes with a view to relocating down the track.“Many interstate buyers are quite emotional and looking to get liveability back,” Mr Harrison said. “They are planting the first seed by spending more time on the Gold Coast.” Tallebudgera new build is Qld’s most popular house A pair of luxury villas at 19 Havana Key, Broadbeach Waters have sold sight unseen.Kollosche agent Jamie Harrison, who handled the marketing campaign alongside Corey Bedford, said neither buyer had inspected the properties in person before making unconditional cash offers.“Both of those buyers purchased site unseen,” he said.“They each plan to use the villas as a holiday home initially, with a view to relocating in years to come.” RELATED: Iconic mansion sold to FaceTime buyer last_img read more

Indians Middle School Teams Roll On With W’s

first_imgThe Milan Indians 5th Grade Boys Basketball team won against The Rising Sun Shiners 35-22.The Indians 6th Graders likewise prevail 59-36.The Milan 8th Graders were also victorious over The Shawe Memorial Hilltopper 40-38.Courtesy of Indians Coach Ethan Voss.last_img

Rohr undergoes surgery

first_imgRelatedPosts Super Eagles soar on FIFA ranking FIFA ranking: Nigeria moves up by two spots, now world 29th Omeruo welcomes second child Embattled Super Eagles’ manager, Gernot Rohr, has revealed that he underwent a minor tooth surgery in his native country, Germany. An official of the Nigeria Football Federation told ESPN that the coach missed the Qatar 2022 World Cup qualifying draw ceremony in Cairo, Egypt on Tuesday because he was recovering from dental surgery. “I am ok now [from the surgery]. I was not been invited for the draw,” the gaffer revealed. Rohr insisted that he never received an invitation, which has led to suggestions that his contract tiff with the NFF might have been the reason. Reacting to the draw which paired the Super Eagles with Cape Verde Island, Central African Republic and Liberia in Group C of the series, Rohr said: “I saw the groups. “There are some very tough groups, when I see Cameroon and Ivory Coast together. “Our group is also a tough group because Cape Verde is a very good team. “They have very good players playing in Portugal, some of them in France. “So it will not be easy to beat this good team of Cape Verde. “It was not easy against Liberia when we went there for the last match of the president. “We won it, but it was not easy.” Nigeria have never before played Central African Republic, one of very few teams in Africa they have never met in a friendly or competition. Rohr said: “They don’t have anything to lose so that can make them play without fear and be very dangerous. “It will not be easy. “We must be very aware, very well prepared to finish first in the group. “I think we can do it, but we must be in our top level and this group is not easy at all. “All the teams are difficult top beat and nobody can say it is a good draw.”Tags: Gernor RohrSuper Eagleslast_img read more

West Indies Women dumped out of T20 World Cup

first_imgCMC – WEST Indies missed out on the semi-finals of the Women’s Twenty20 World Cup for the first time in six tournaments when they suffered a 46-run defeat to England in a lopsided contest here Sunday.Needing a victory to remain in the tournament, West Indies once again struggled with the bat, failing to chase down 144 at Sydney Showground Stadium and crashing to their second defeat in three games to remain third in Group B on two points.Lee-Ann Kirby, batting at number seven, top-scored with 20 but no other batsman passed 15, as left-arm spinner Sophie Ecclestone, with three for seven and 20-year-old leg-spinner Sarah Glenn, with two for 16, undermined the innings with brilliant spells.At one stage, the Windies were well-placed at 41 for one but once captain Stafanie Taylor retired hurt on 15 in the eighth over, the innings went into terminal decline with the next nine wickets going down for 55 runs.Player-of-the-Match, Natalie Sciver, had earlier top-scored with 57 as England rattled up 143 for five off their 20 overs after choosing to bat.Danni Wyatt chipped in with 29 while Amy Jones finished on 23 not out, allowing the 2018 losing finalists to gather 80 runs from the last 10 overs and finish strongly.With the victory, England moved to the top of the group on six points from their full complement of four matches to clinch their spot in the semi-finals, along with unbeaten South Africa who won their third straight with a 17-run verdict over Pakistan in the other Group B game on Sunday.West Indies struck in the first over when seamer Shakera Selman hit the dangerous Tammy Beaumont with the fourth delivery of the match with a single run on the board but Sciver arrived to anchor two critical partnerships which helped England recover.First, she posted exactly 50 for the second wicket with Wyatt who struck two fours off 27 balls, before adding a further 39 for the third with captain Heather Knight (17).Off-spinner Anisa Mohammed claimed Wyatt in the ninth over, swatting a full toss to long on and Knight followed in the 14th over, run out by Selman’s direct hit at the non-striker’s end attempting a quick single.Fran Wilson picked out Britney Cooper at mid-wicket with leg-spinner Afy Fletcher in the 16th over but Sciver combined with Jones in a 33-run stand to revive the innings.Sciver, let off twice during her knock, struck six fours off 56 balls.Needing a batting effort the likes of which had eluded them in recent years, West Indies stumbled at the start when Deandra Dottin (9) continued her abysmal run by pulling Ecclestone to mid-wicket at the end of the third over with 12 runs on the board.Taylor joined Hayley Matthews (12) and looked to be repairing the damage in a 29-run, second wicket stand when tragedy struck.After taking a sharp single, Taylor pulled up and was eventually stretchered off, leaving the Caribbean side without their best batsman.Matthews, well short of runs in the tournament, was then bowled by Glenn in the next over and when Shemaine Campbelle (1) and Chedean Nation (0) both perished with the score on 42, the Windies had lost three wickets for no runs in the space of 17 deliveries.The slump derailed the run chase and Kirby’s 15-ball cameo, with a four and two sixes, only served to delay the inevitable.last_img read more

Elsen finds success on links at young age

first_imgJordan Elsen was destined to be a golfer from the day he could walk.“My father started me at a young age,” Elsen said. “He used to cut down clubs for me when I could probably barely walk. Ever since he’s had me swinging the golf clubs.”The early start paid off, as Elsen, a sophomore on the UW men’s golf team, was the only underclassman to compete this past fall. However, his place on the team was not so much an honor as it was an expectation.“From the get-go I just really wanted to be out there playing right away,” Elsen said. “Just from where I came from and what I think my ability is, I think I should be in there week-in and week-out.”His ability was recognized midway through Elsen’s sophomore year of high school, when the Kenosha native left his home state for the David Leadbetter Golf Academy. Elsen had attended a weeklong camp at the prestigious training facility during the summer, and when the coaches saw his potential, they invited him to move down full time to attend school and receive instruction.And as with any life-changing move, it was not an easy decision for the teenager.“Imagine a 15-year-old kid who is just starting to be away from home for the first time,” Elsen said. “It was hard at first, separating from my family was very difficult, … but golf was something I really wanted to pursue, and my parents knew that. So I guess they let me go and I went on my way.”The sacrifice would pay off, as Elsen would end up the 99th ranked player in the 2006 recruiting class, according to Golf Week magazine. Elsen attributes that ranking, and the multiple top-five junior tournament finishes he accumulated, to the instruction he received in the Florida academy.“I have so much more knowledge about the golf swing, and fundamentals and technique,” Elsen said. “Overall, it was definitely worth it, and I’d do it again in a heartbeat.”Ironically enough, it was the move to Florida that would lead Elsen back to Wisconsin. Having built a reputation at the David Leadbetter Academy, the UW golf team was eager to see him come home.“His ball-striking is what really drew us to him,” UW head coach Jim Schuman said of Elsen. “He hits it a long ways for a [smaller] guy; he’s very strong.”The attraction was mutual. Besides the appeal of being close to home again, Elsen was excited to play under Coach Schuman, who has an impressive r?sum?.“I’d definitely say the coach [was a reason],” Elsen said. “He’s very knowledgeable about the golf swing and mechanics. And he’s (PGA Tour golfer) Jerry Kelly’s coach, so I figured he has to be pretty knowledgeable about the game. He’s taught me a lot about what it’s going to take to get to the next level.”Elsen has continued his success at UW, consistently ranking among the top five Badgers during the 2007-08 season. Schuman attributes the results to Elsen’s drive and competitiveness.“His work ethic is fantastic,” Schuman said. “He’s willing to put in and do whatever it takes to reach that next level.”As far as being a described “competitor,” Elsen couldn’t agree more.“I really don’t like to lose at anything,” Elsen said. “I really don’t like the feeling of losing at all.”Competitiveness alone doesn’t necessarily translate to results, however, and Schuman admits improvement in Elsen’s short game is a goal for the season.“The short game, putting, chipping, pitching… and his scoring, those two are definitely related,” Schuman said. “Sixty yards and in, we need to get Jordan Elsen to become a more consistent player.”Schuman knows Elsen will improve greatly in this area throughout his college career, especially since he’s still young. He also believes Elsen will have a career in golf after school.“No doubt about it; it’s just a matter of [his] application of time,” Schuman said. “I don’t think he’s probably come close to reaching his potential yet.”Elsen confidently agreed.“Since day one, since I’ve been a little kid I’ve always wanted to turn pro and play on the PGA Tour,” Elsen said. “Golfing [at UW] is one of the things that will help me get to where I want to be in the future.”last_img read more

Could Kobe Bryant and Carmelo Anthony ever work together?

first_imgNEW YORK — The two men have stepped into Madison Square Garden on separate instances, exuding the same qualities that have defined their greatness.Kobe Bryant traveled to the World’s Most Famous Arena five years ago, sparking a partisan Knicks crowd into MVP chants after capping an arena-record 61 points with a 12-foot jumper that entailed spinning off his pivot foot. Friday night, Carmelo Anthony provided temporary relief to the Knicks’ dysfunctional ways by breaking Bryant’s record against Charlotte, a 62-point affair that featured a 45-foot half-court heave and a flurry of jumpers.The Lakers (16-28) enter a matinee Sunday against the Knicks (16-27) with few answers on how to stop Anthony from topping his own record-setting performance. L.A. has lost 15 of its past 18 games, including its last three, while ranking 29th out of 30 NBA teams in total defense (105.8 points). Bryant also can’t steal Anthony’s scoring spotlight, considering the Lakers star remains sidelined with a fractured left knee. But assuming Anthony opts out of his contract this summer to become an unrestricted free agent, could he become the Lakers’ signature piece toward rebuilding? Heat forward Chris Bosh recently called Bryant and Anthony “two of the best scorers the league has ever seen,” even while playing with LeBron James. Newsroom GuidelinesNews TipsContact UsReport an Error Lakers coach Mike D’Antoni resigned from New York in 2012 after a 121-167 record through four seasons ended with philosophical differences surrounding Anthony’s role. Anthony’s tendency to take a high volume of shots in the post and in isolation sets doesn’t mesh with D’Antoni’s preference for swift ball movement. And the Lakers haven’t offered any indication they would part ways with D’Antoni, with general manager Mitch Kupchak praising him earlier this month on how he’s handled an injury-depleted roster. With Bryant already signed to a two-year, $48.5 million extension, the Lakers would also have little wiggle room to build a legitimate roster with Anthony in the fold. Larry Coon, an independent NBA salary cap expert who works as an IT director at UC Irvine, estimated that the Lakers would have $4.1 million in remaining cap room and $2.7 million to spend on a mini mid-level exception. Those numbers assume the Lakers part ways with Pau Gasol and waive Steve Nash through the stretch provision. Anthony’s arrival would also leave the Lakers without any room to pursue free agents in 2015, which would include Kevin Love, LaMarcus Aldridge, Marc Gasol and Rajon Rondo.“I love Carmelo, but I don’t think putting Carmelo and Kobe together and tying up their cap for the next four years with a huge contract makes sense,” said TNT analyst Steve Kerr. “I can’t imagine they get LeBron, but you never know. Barring that, the wise thing for the Lakers is to get as lean as possible, get picks and resist the temptation for the quick fix.”Of course, there’s also the Bryant-Anthony dynamic, too. Over the years, Bryant and Anthony have shared how they remain the closest among each other in the NBA. Bryant’s wife, Vanessa, and Anthony’s wife, La La, are also friends. Bryant and Anthony have shown equal admiration for each other’s scoring abilities. Bryant related to and stood up for Anthony when he faced criticism for demanding Denver trade him three years ago and for taking a large share of the scoring load both with the Nuggets and Knicks. Anthony helped bring out the lighter side of Bryant’s personality during their time in the 2008 and 2012 Olympics.“Can they play together? They are such great players, of course they can play together,” said Pacers associate coach Nate McMillan, a former assistant on the U.S. Men’s Olympic team. “All of those guys made the adjustment. It’s simple basketball. If you’re double-teamed, move the ball. If not, there’s nobody in the world that can stop any of those guys. They made the commitment to pass the ball and play unselfish basketball.”That was in the Olympics. How about the NBA?“The Olympics is a sprint and it’s a honeymoon. This is a grind and a marathon,” Bosh said. “Guys have to give up and do things they normally don’t do. It sounds good. But I know from experience. When it comes down to it, it becomes really difficult and it’s a learning curve. You have to make the curve as short as possible.”Bosh then added one thing to consider before even knowing how Anthony’s arrival would unfold.“He’s got to get there first.”center_img But could such overlapping qualities yield an NBA championship? Could the close relationship Bryant and Anthony forged since playing together on the 2008 U.S. Olympic team lead to a fruitful partnership?“I think it would be fine,” said Lakers forward Wesley Johnson, who’s close to Anthony after both played at Syracuse in separate stints and is also close to Bryant after sharing the same agent, Rob Pelinka. “Everybody says it would be difficult for them to play together. But if they’re on the same team, they would make it work. They’re both pros and know how to play basketball. It’s not going to be difficult.”There’s plenty of skepticism, though.First, Anthony would have to find the Knicks’ lack of a supporting cast distasteful and his standing as the franchise player no longer desirable. To do so, Anthony would have to pass up a five-year contract worth up to $129 million with New York in favor of a four-year deal worth up to $96 million with any other team, including the Lakers. Doubts also persist both inside and outside the Lakers that they’d even want Anthony to suit up in a purple and gold uniform. last_img read more