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