Palantir Technologies Inc (NYSE:PLTR) shares are trading lower by 10.5% at $12.50 during Thursday's pre-market session after the company reported worse-than-expected fourth-quarter EPS results.

Palantir Technologies reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 4 cents. The company reported quarterly sales of $432.87 million which beat the analyst consensus estimate of $417.69 million by 4%. This is a 34% increase over sales of $322.09 million in the same period last year.

Among the highlights for FY21, Palantir says total revenue grew 41% year-over-year to $1.54 billion, US revenue grew 53% year-over-year to $879 million and commercial revenue grew 34% year-over year to $645 million. For first-quarter 2022 Palantir expects $443 million in revenue.

Palantir has a 52-week high of $30.19 and a 52-week low of $11.75.