Shares of Palantir were sharply higher in after-hours trading on Monday after the company posted better-than-expected fourth-quarter revenue growth. Strong demand from the company’s commercial customers offset lighter-than-expected government revenue. For the quarter, Palantir reported revenue of $608 million—up 20% from a year ago—and ahead of Wall Street’s $603 million estimate.
Palantir Posts a Mostly Strong Quarter. The CEO Sees a World of ‘Increasing Chaos and Danger.’
Feb 6, 2024