Palantir shares pop 21% after its third-quarter results beat estimates
Publishing timestamp: 2023-11-02 12:05:40
Summary
Palantir reported third-quarter results that exceeded analysts' expectations, with a 17% increase in revenue compared to the previous year. The company also raised its revenue guidance for the full year. As a result, Palantir's shares rose by 21%. The company has achieved profitability for four consecutive quarters, making it eligible for inclusion in the S&P 500. Palantir's CEO addressed the ongoing Israel-Hamas war, stating that the company only supplies its products to Western allies and proudly supports the U.S. government. The company's U.S. commercial revenue and customer count also showed significant growth.
Sentiment: POSITIVE
Tickers: PLTR,
Keywords: earnings, technology, media, united states, business news, breaking news: technology, palantir technologies inc, breaking news: business, internet,
Source: https://www.cnbc.com/2023/11/02/palantir-pltr-q3-earnings-.html