Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir topped second-quarter earnings estimates on Monday and said commercial revenue more than doubled from a year ago. The stock surged 12% after the numbers were released.Here's how the company did versus LSEG estimates:Earnings per share: 41 cents adj. vs. 35 cents expectedRevenue: $1.94 billion vs. $1.80 billion expectedRevenue climbed 93% from about $1 billion a year ago. Palantir reported net income of $1.07 billion, or 41 cents per share, compared to about $329 million, or 13 cents per...
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