Reported about 8 hours ago
Palantir Technologies raised its annual revenue outlook to $4.4 billion and reported a 63% increase in third-quarter sales, surpassing analyst estimates. However, the company's shares fell about 3% in after-hours trading due to concerns over its high valuation, even after a 150% rise in share price this year. Investors are seeking more guidance for the upcoming year as Palantir continues to expand its services in the US while facing challenges in international markets.
Source: YAHOO