Companies

Palantir Soars More Than 20 Percent on Earnings Beat, Strong Outlook

Palantir Soars More Than 20 Percent on Earnings Beat, Strong Outlook
A picture of Palantir’s stand at the World Economic Forum annual meeting in Davos, Switzerland, on May 23, 2022. Fabrice Coffrini /AFP via Getty Images
Panos Mourdoukoutas
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Palantir Technologies Inc. shares soared more than 26 percent during the morning session on Feb. 4 after the company reported stronger-than-expected revenue and upbeat guidance a day earlier. It also stated it is deepening its position at the center of the shift to artificial intelligence (AI).

On Feb. 3, the Denver-based builder of software platforms for the intelligence community reported a 52 percent jump in U.S. revenue in the fourth quarter of 2024 from a year earlier, and a 12 percent increase from the previous quarter, reaching $558 million.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”