CORRECTION: Palantir Sees FY24 Revenue $2.742B-$2.75B Vs $2.7B Estimate
Portfolio Pulse from Benzinga Newsdesk
Palantir has raised its revenue guidance for FY24 to between $2.742 billion and $2.75 billion, surpassing the previous estimate of $2.7 billion. The company also increased its US commercial revenue guidance to over $672 million, indicating a growth rate of at least 47%. Additionally, Palantir raised its adjusted income from operations guidance to between $966 million and $974 million, while maintaining expectations for adjusted free cash flow of $800 million to $1 billion and GAAP operating income and net income in each quarter of the year.
August 05, 2024 | 8:30 pm
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Palantir has raised its FY24 revenue guidance to $2.742 billion-$2.75 billion, exceeding the previous estimate of $2.7 billion. The company also expects significant growth in US commercial revenue and has increased its adjusted income from operations guidance.
The raised revenue guidance and increased expectations for US commercial revenue and adjusted income from operations are positive indicators for Palantir's financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
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