Palantir lifts annual forecast after reporting blowout Q3 earnings; shares jump

Investing.com -- Palantir Technologies on Monday raised its full-year guidance after reporting blowout third-quarter earnings as the data analytics company continues to ride the AI wave, racking up new business wins.earnings of $0.10 a share on revenue of $725.5 million. That compared with analysts estimates for adjusted EPS of $0.09 on revenue of $703.4M."We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down," the company said.

For 2024, the company is now guiding revenue in the range of $2.805B to $2.809B, up from a range of $2.742B and $2.750B previously. For Q4, the company guided revenue between $767M to $771M, compared with analyst estimates for $742.3M.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

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