Palantir Shares Climb After-Market as Outlook, Q2 Results That Beat Estimates
$Palantir (PLTR.US)$ shares advanced 17% in extended trading after the tech company provided full year revenue outlook and revenue second quarter that beat analysts' estimates.
The company expects revenue for 2024 to reach $2.74 billion to $2.75 billion. That's higher than $2.698 billion expected by analysts, according to estimates compiled by Capital IQ. For the third quarter, the company sees revenue of $697 million to $701 million, higher than the average estimate of $680.21 million seen by analylsts for the three months ending Sept. 30.
The company expects revenue for 2024 to reach $2.74 billion to $2.75 billion. That's higher than $2.698 billion expected by analysts, according to estimates compiled by Capital IQ. For the third quarter, the company sees revenue of $697 million to $701 million, higher than the average estimate of $680.21 million seen by analylsts for the three months ending Sept. 30.
In the three months ended June 30, the company reported an 80& jump in adjusted earnings to 9 cents a share a year ago, as revenue gained 27% to $678 million. That exceeds the average earnings per share of 3 cents expected by analysts on revenue of $652.4 million.
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