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Palantir shares rise 21% after rising third-quarter earnings

November 5, 2024 | angela | Leave a Comment

Alex Karp, CEO of Palantir, at the Senate AI Insight Forum at the US Capitol in Washington, DC on September 13, 2023.photo: Graeme Sloan/Sipa USA (AP) In this story Palantir shares (PLTR+22.41%) rose over 20% on Tuesday morning after the data analytics software platform reported third-quarter earnings and outlook well above Wall Street expectations. Nuclear […]

Palantir stock is rising as revenue from the Defense Department's spending powers increases

November 5, 2024 | angela | Leave a Comment

Shares of Palantir (PLTR) rose more than 20% early Tuesday after third-quarter earnings beat expectations, driven by better-than-expected U.S. government spending on its AI technology. Global government spending on Palantir products, primarily in the U.S., rose 40% year-over-year to $408 million in the third quarter and accounted for 56% of the company's total revenue in […]

Palantir shares rise to record levels as AI boom forecasts rise

November 5, 2024 | angela | Leave a Comment

By Zaheer Kachwala (Reuters) – Palantir (PLTR) shares rose over 17% on Tuesday to hit a record high after the data analytics company raised its annual revenue forecast for a third time, boosting investor confidence that the AI frenzy will drive demand for its Services boosted. The company is expected to increase its market value […]

Palantir (NYSE:PLTR) Q3 Sales Beat Estimates, Stock Jumps 13.4%

November 4, 2024 | angela | Leave a Comment

Data mining and analytics company Palantir (NYSE:PLTR) reported revenue in the third quarter of fiscal 2024 that exceeded Wall Street expectations. Revenue rose 30% year over year to $725.5 million. Additionally, revenue guidance for the next quarter ($769 million at the midpoint) was surprisingly good, coming in 3.4% ahead of analysts' expectations. Non-GAAP earnings of […]