Palantir Third-quarter revenue increased by 96% year-on-year to $2.313 billion
2026-11-03 23:41:50
According to CoinMeta, Palantir ( PLTR.US ) tumbled by over 7% at the beginning of trading, hitting a low of $165.25, which is a new low since September 10th. Third-quarter revenue increased by 96% year-on-year to $2.313 billion, exceeding market expectations of $2.18 billion. U.S. commercial revenue soared by 148% year-on-year to $984 million, surpassing the U.S. government revenue of $953 million for the first time. Adjusted earnings per share were $0.44, higher than market expectations of $0.41. Palantir has raised its full-year revenue forecast to $8.53 billion to $8.534 billion, a significant increase from previous estimates. Morgan Stanley has raised its target price from $205 to $233 and maintained a "equal weight" rating, but remains cautious about the speed of customer base expansion.
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Source:Internet
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