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$Tesla (TSLA.US)$ The stock price was 1/4 of the year before last, $138 if you think it went back to $299 last year, and $182 last night if you think the most recent high of $271 was added. Expectations aren't rising at all because they're ahead of time.
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181097376
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Palantia Technologies on Monday revised its annual sales and profit forecasts for the second time this year upward.
The company's stock price rose 12% or more due to extended trading against the backdrop of a rise in AI-related stocks, and the year-to-date rate of increase increased to 39% or more.
Alex Karp (Alex Karp), Chief Executive Officer (CEO), stated in a letter to shareholders that sales for the 3rd quarter exceeded expectations and recorded the largest quarterly profit ever for the April-6 fiscal year.
With the company's AI platform used for testing, debugging, and evaluation of AI-related scenarios, Palantia was able to capture rapidly increasing demand for services that support companies' generative AI technology development.
The company predicts annual sales from the conventional 2.6 billion 80 million dollars to 2.6 billion 90 million dollars, and 2.7 billion 40 million dollars to 2.7 billion 50 million dollars. According to LSEG data, this is above the forecast of 2.7 billion dollars.
Also, the adjusted annual forecast for operating profit was raised from 0.8 billion68 million dollars to 0.8 billion80 million dollars from the conventional 0.8 billion68 million dollars, and from 0.9 billion66 million dollars to 0.9 billion74 million dollars.
The financial results also allayed some investors' concerns. pa...
The company's stock price rose 12% or more due to extended trading against the backdrop of a rise in AI-related stocks, and the year-to-date rate of increase increased to 39% or more.
Alex Karp (Alex Karp), Chief Executive Officer (CEO), stated in a letter to shareholders that sales for the 3rd quarter exceeded expectations and recorded the largest quarterly profit ever for the April-6 fiscal year.
With the company's AI platform used for testing, debugging, and evaluation of AI-related scenarios, Palantia was able to capture rapidly increasing demand for services that support companies' generative AI technology development.
The company predicts annual sales from the conventional 2.6 billion 80 million dollars to 2.6 billion 90 million dollars, and 2.7 billion 40 million dollars to 2.7 billion 50 million dollars. According to LSEG data, this is above the forecast of 2.7 billion dollars.
Also, the adjusted annual forecast for operating profit was raised from 0.8 billion68 million dollars to 0.8 billion80 million dollars from the conventional 0.8 billion68 million dollars, and from 0.9 billion66 million dollars to 0.9 billion74 million dollars.
The financial results also allayed some investors' concerns. pa...
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