‘This quarter was otherworldly’: Palantir earnings surge past expectations
Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda
Source excerpt
In a sea of companies reporting mixed financial results this quarter, Palantir stands out.
Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn.
That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.
The glowing financials sparked a 10% surge in share prices in the immediate aftermath.
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