Palantir Technologies Reports Strong Third Quarter Earnings and Revenue Growth
Palantir Technologies (PLTR) reported significant growth in its third-quarter results, with earnings per share reaching $0.44 compared to $0.18 in the prior year's third quarter. Total revenue climbed 96% year-over-year to approximately $2.31 billion, driven largely by a 148% surge in U.S. commercial revenue, which reached $984 million. Despite a perceived slowdown in net income growth compared to previous quarters due to non-operating losses, the company's operating income rose to $1.085 billion with a 47% margin. Management provided optimistic guidance for the fourth quarter, forecasting non-GAAP operating income of approximately $1.64 billion, signaling continued upward momentum in core operations.
Tickers: $PLTR
Topics: earnings per share financial performance stock valuation