Palantir Q2 Earnings: Revenue Beat, EPS Beat, Customer Count Up 41% Driven By Strength In US Commercial — 'Unrelenting Wave Of Demand'
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) reported strong Q2 earnings, with revenue and EPS beating estimates. Revenue grew 27% YoY, driven by a 55% increase in U.S. commercial revenue. The company raised its full-year 2024 outlook and expects significant growth in both commercial and government markets. Palantir's customer count increased 41% YoY. Shares were up 15.86% following the announcement.
August 05, 2024 | 8:36 pm
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Palantir reported strong Q2 earnings, beating both revenue and EPS estimates. The company saw significant growth in U.S. commercial revenue and raised its full-year 2024 outlook. Shares surged 15.86% following the announcement.
Palantir's strong financial performance, including beating revenue and EPS estimates, significant growth in U.S. commercial revenue, and an optimistic full-year outlook, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100