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Home»Latest Posts»Palantir (PLTR) Q3 earnings
Latest Posts

Palantir (PLTR) Q3 earnings

Rudra SharmaBy Rudra SharmaUpdated:No Comments2 Mins Read
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Palantir (PLTR) Q3 earnings
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Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Synthetic Intelligence (AI) Perception Discussion board on the US Capitol in Washington, DC, on September 13, 2023.

Stefani Reynolds | Afp | Getty Photos

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Shares of Palantir popped 14% in premarket buying and selling Thursday, after the corporate launched third-quarter earnings that beat analysts’ expectations and raised full-year income steering.

Here is how the corporate did:

  • Earnings per share: 7 cents, adjusted, vs. 6 cents anticipated by LSEG, previously referred to as Refinitiv
  • Income: $558 million vs. $556.1 million anticipated by LSEG

Palantir’s income for the third quarter elevated 17% to $558 million, from $478 million a yr earlier. The corporate reported a web earnings of $72 million, or 3 cents per share, in contrast with a web lack of $123.9 million within the year-ago quarter.

The information analytics firm’s U.S. business income grew 33% yr over yr. Palantir, which is thought for its work with the federal government, stated its U.S. business buyer depend elevated 37% yr over yr, rising from 132 clients to 181.

Palantir stated it expects to report between $599 million and $603 million in income throughout its fourth quarter and raised its income steering for the total yr between $2.216 billion and $2.22 billion. In its second quarter, Palantir stated it anticipated $2.212 billion for the total yr, above the midpoint of its forecast from Could.

The corporate will maintain its quarterly name with traders at 8:00 a.m. ET.

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Techcrowder is an imprint of Authority Media dedicated to consumer electronics and digital services. Beyond our expertise in mobile tech, our coverage has expanded to include everything from robot vacuums to streaming services to innovations in artificial intelligence.

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