Palantir earnings report, Q1 2023


Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum, in Davos, Switzerland, Jan. 18, 2023.

Arnd Wiegmann | Reuters

Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said it expects to be profitable through the end of the year.

Here’s how the company did:

  • EPS:  5 cents adjusted vs. 4 cents expected by analysts, according to Refinitiv
  • Revenue: $525 million vs. $506 million expected by analysts, according to Refinitiv

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Palantir’s revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 26%. The software company, which…

Source cnbc.com

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