Palantir (PLTR) Q3 earnings


Palantir shares pop 14% after its third-quarter results beat estimates

Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance.

Here’s how the company did:

  • Earnings per share: 7 cents, adjusted vs. 6 cents expected by LSEG, formerly known as Refinitiv
  • Revenue: $558 million vs. $556.1 million expected by LSEG

Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier. The company reported a net income of $72 million, or 3 cents per share, compared with a net loss of $123.9 million in the year-ago quarter.

The company’s third-quarter results mark its fourth-straight quarter of profitability, which means it is…

Source cnbc.com

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