Super Expensive Palantir Drops Heavily Anticipated Q3 Earnings
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Palantir Technologies Inc. reported strong Q3 earnings with a 30% YoY revenue increase to $726M and EPS beating estimates. US Commercial revenue surged 54% YoY, driven by AI demand, and US Government revenue grew 40% YoY. Despite robust cash flow and $4.6B in cash, the stock is considered expensive.
November 05, 2024 | 12:30 pm
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Palantir Technologies Inc. reported strong Q3 earnings with significant revenue growth in both US Commercial and Government segments. However, the stock is considered expensive despite robust cash flow and a strong cash position.
Palantir's strong earnings report with significant revenue growth and EPS beat is positive, but the stock's high valuation may limit short-term upside. The robust cash flow and cash position are positives, but the market may already have priced in these factors.
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IMPORTANCE 80
RELEVANCE 100