Palantir tops Q3 estimates, raises outlook on strong AI demand
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Palantir Technologies Inc reported strong Q3 results, surpassing analyst estimates with a 30% year-over-year revenue increase to $725.5 million. The company raised its full-year outlook due to strong AI demand in the US.
November 05, 2024 | 12:30 pm
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Palantir Technologies exceeded Q3 expectations with a 30% revenue increase, driven by strong AI demand, and raised its full-year outlook.
Palantir's strong Q3 performance and raised outlook indicate positive market sentiment and potential stock price increase. The 30% revenue growth and surpassing of Wall Street estimates highlight the company's strong position in the AI sector.
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