From Barchart: 2024-11-05 09:02:00

Palantir Technologies (NYSE:PLTR) raised its full-year outlook after a strong third-quarter showing driven by new AI business. Stock surged over 13% pre-market. Adjusted earnings were $0.10 per share, exceeding analyst expectations. Revenue rose 30% to $725.5 million, fueled by a 39% customer increase.

Full-year revenue guidance raised to $2.805 billion to $2.809 billion. Fourth-quarter revenue projected between $767 million and $771 million, higher than consensus estimates. Company’s momentum attributed to a 39% customer count increase and growing demand for AI solutions.



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