May 6, 2024 - $Palantir (PLTR.US)$ shares increased 3.26% to $24.09 in pre-market trading on Monday. Palantir Technologies Inc. announced today that results for its first quarter ended March 31, 2024 will be released on Monday, May 6, 2024, following the close of U.S. markets. A focus for Wall Street will be the data analytics software company's continued push into artificial intelligence.
According to estimates compiled by Visible Alpha, analysts expect Palantir's revenue in the first quarter of 2024 to reach US$615.3.2 million, higher than the same period last year; net profit is expected to be US$83.94 million, or 3 cents per share, up from US$19.15 million and 1 cent per share in the same period last year.
About Palantir
Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.