Palantir Just Crushed Wall Street by $125 Million: How Will Stock React?
Palantir Technologies (PLTR) beat Wall Street on every headline figure in the second quarter and lifted its full-year outlook. Shares climbed more than 7% in after-hours trading on Monday.
The data analytics firm reported $1.94 billion in revenue, up 93% from a year earlier. Adjusted earnings reached 41 cents per share, above the roughly 35 cents analysts had modeled.
Palantir Earnings Beat Every Major Estimate
Revenue landed well above the $1.81 billion consensus and the company's own guidance of about $1.80 billion. Growth also accelerated from the 85% pace set in the first quarter.
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