Palantir Shares Surge Over 12%: Strong Earnings and Positive Revenue Outlook
Financial Highlights
For the quarter that ended on Sept. 30, Palantir reported adjusted earnings per share of 10 cents, up from seven cents per share in the same quarter of last year. Revenue stood at $725.5 million, reflecting a remarkable 30% growth year-over-year. This impressive financial performance has led to a surge in share prices.
Market Reaction
The sharp increase in Palantir's shares is indicative of strong investor confidence. The upward revision of revenue outlook suggests a promising trajectory for future quarters.
Future Expectations
Given the current indicators, Palantir seems poised for further growth. Investors are keenly watching how this trend will continue in the upcoming financial reports.
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