Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.
Palantir shares surge over 12% on strong earnings and upward revenue outlook
For the quarter that ended on Sept. 30, Palantir reported adjusted earnings per share of 10 cents, up from seven cents per share in the same quarter of last year, on revenue of $725.5 million, 30% year-over-year. Both were beats, as analysts had been expecting adjusted earnings per share of nine cents on revenue of $705 million.
Palantir Stock Price Levels to Watch After Post-Earnings Surge
Palantir shares jumped in extended trading on Monday after the analytics software provider topped third-quarter earnings estimates and lifted its full-year outlook. Monitor these important price levels.
Palantir shares surge on rosy revenue outlook
"We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down," Palantir co-founder and CEO Alex Karp wrote in the company's earnings release. Pala
Palantir shares surge over 12% on strong earnings and raised revenue outlook
For the quarter that ended on Sept. 30, Palantir reported adjusted earnings per share of 10 cents, up from seven cents per share in the same quarter of last year, on revenue of $725.5 million, 30% year-over-year. Both were beats, as analysts had been expecting adjusted earnings per share of nine cents on revenue of $705 million.
What Wall Street Analysts Think of Palantir's Stock Ahead of Earnings
Key Takeaways Palantir Technologies will report third-quarter earnings after the closing bell Monday, with analysts more bearish than bullish on whether the company's stock can sustain its recent momentum.
Palantir CEO says the company 'eviscerated' sales so hard execs have stopped talking about how 'crazy' he is
Palantir CEO Alex Karp took a victory lap on Monday as the company beat Wall Street expectations for its third-quarter ...
Palantir Revenue Soars 30% in Q3
Palantir Technologies beat estimates for revenue and adjusted EPS thanks to increased demand for its AI offerings.
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Palantir’s stock surges as AI drives a further acceleration in growth
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Palantir Reports Record Profit, Cites ‘Unwavering’ AI Demand
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Palantir: Valuation Looks Detached From Business Realities, A Tactical 'Sell'
Palantir delivered strong numbers for Q3 2024 and lifted full-year guidance. CLick here to see why PLTR stock is a Sell.
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Palantir May Drop 20% After Earnings: Why You Should Buy the Dip
Conversely, a miss on earnings could lead to a 10-15% drop in share price, possibly presenting the last "buy the dip" ...
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Palantir Sees 30% Revenue Jump in Q3 2024, Raises Revenue Guidance Again
(NYSE: PLTR) has raised its annual revenue forecast for 2024 for the third time this year. The company now anticipates ...
Palantir Soars On Earnings Beat, But I'm Still Not Very Bullish
Palantir Technologies reported strong Q3 earnings, but high valuation and potential risks raise concerns. Click here for my ...
Why Palantir stock is a 'generational' play
Palantir has had a banner year with its stock price up over 150 percent year to date. Stephen 'Sarge' Guilfoyle, ...