Palantir Beats Q4 Estimates; Reports 70% Surge In Revenue
Synopsis
The company reported Q4 revenue of $1.41 billion, beating analyst estimates of $1.34 billion, according to data from Fiscal.ai.
Shares of Palantir Technologies Inc. (PLTR) climbed 0.81% on Monday after the company reported market-beating fourth-quarter (Q4) earnings results, bolstered by strong demand for its services from the U.S government as well as American businesses.
The company reported Q4 revenue of $1.41 billion, about 70% higher than $827.52 million reported in the same period last year, and beating analyst estimates of $1.34 billion, according to data from Fiscal.ai.
Meanwhile, the company reported earnings per share (EPS) of $0.25, beating last year’s same period EPS of $0.14, and above street consensus of $0.23.
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