Palantir Stock Jumps as Earnings Beat and Outlook Shines
Portfolio Pulse from
Palantir's stock surged following a strong earnings report, with adjusted earnings of 10 cents per share and revenue of $725.5 million, surpassing expectations.
November 05, 2024 | 12:30 pm
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Palantir's stock price increased due to better-than-expected third-quarter earnings, reporting 10 cents per share and $725.5 million in revenue.
Palantir's strong earnings report, with both earnings per share and revenue exceeding expectations, is likely to positively impact its stock price in the short term. Investors often react favorably to earnings beats, which can drive stock prices up.
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