Palantir stock jumps nearly 30% after ‘otherworldly’ quarter as US commercial business booms
Palantir shares jumped nearly 30% after the company reported stronger-than-expected second-quarter earnings and raised its full-year revenue forecast. The company posted adjusted earnings of $0.41 per share on $1.94 billion in revenue, beating Wall Street expectations. CEO Alex Karp highlighted rapid growth, including a 149% increase in U.S. commercial revenue and 93% overall revenue growth year over year. Palantir also reported strong government business, major … Continue reading Palantir stock jumps nearly 30% after ‘otherworldly’ quarter as US commercial business booms
