Palantir Technologies Inc. gave a forecast for full-year revenue that beat Wall Street’s expectations, buoyed by surging demand for the company’s data analytics tools.
Palantir Technologies forecast revenue above estimates for the last three months of the year after topping third-quarter expectations, banking on sustained demand for its data-analytics software...
Palantir stock climbed amid Q3 earnings and revenue that topped consensus estimates. Sales growth accelerated for the 13th straight quarter.
Palantir Technologies shares rose 1.5% before falling amid a spreading AI selloff in other tech stocks.
Palantir's commercial revenue jumped 148% to $984 million, surpassing government revenue of $953 million.
Palantir is due late Monday with sales growth seen snapping 12 quarters of acceleration.. Shares tumbled below key support Friday.
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