Palantir stock booming on Q3 earnings, guidance beat

Date:

Palantir Technologies (PLTR) are cruising higher in Monday’s after-hours trading after posting revenue of $725.5 million — topping third quarter estimate — and eking out a profit beat with adjusted earnings of $0.10 per share. The software company raised its full-year revenue guidance, expecting a figure between $2.805 billion to $2.809 billion for 2024.

Julie Hyman and Josh Lipton report on the defense contractor’s latest earnings figures, referencing Palantir CEO Alex Karp’s comments made to Yahoo Finance.

Palantir chief technical officer and executive vice president Shyam Sankar sat down with Yahoo Finance last week to discuss the company’s report titled “The American Reformation,” outlining a “blueprint” for resurrecting the US defense industry.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.

Share post:

Popular

More like this
Related

Inter Milan & Lazio Keen On Teenage Racing Club Midfielder

Inter Milan and Lazio are keen to sign teenage...

The Suns are off to a red-hot start. The scary part? They’re not even humming yet

Sometimes, it takes a while for new head coaches...

How to Watch: No. 1 Kansas Basketball vs. No. 9 North Carolina

Two of college basketball’s most storied programs are set...

Bunny Shaw finds the net against Spurs in less than one minute 😳

Manchester City striker Bunny Shaw just loves to score...