Reported 26 days ago
Palantir's stock experienced a significant rise in after-hours trading following the company's report of its first billion-dollar quarter, with revenue reaching $1.004 billion, surpassing analyst expectations. The company's CEO, Alex Karp, highlighted the acceleration in business growth and attributed much of this success to the integration of AI technology. Palantir also raised its full-year revenue guidance for 2025, indicating strong performance in both US commercial and government sectors, while analysts expressed continued concern over its high valuation compared to historical standards.
Source: YAHOO