Palantir Beats Expectations with Record Sequential Revenue Growth

3 months ago

Tim Stenbec

"Palunteer earnings crossing the wire right now. The stock hit a record high in the cash session and is higher here in the after hours trade. Adjusted EPS in the most recent quarter beat expectations with 21 cents a share, compared to the street's 17 cents. The company also raised its guidance, expecting fourth quarter revenue around $1.33 billion and full-year operating profit well above estimates. Alex Karp pointed out that US business grew 77% year-over-year, with US commercial growth at 121%, marking the highest sequential quarterly revenue growth in the company's history."

Palantir delivered impressive earnings by beating EPS estimates and raising revenue guidance, supported by extraordinary sequential growth figures and strong year-over-year gains in its US business, reinforcing bullish sentiment.

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