Palantir Beats Expectations And Raises Outlook Amid Strong U.S. Growth - video Dailymotion

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2 months ago

Palantir posted Q3 earnings of $0.21 per share on $1.18 billion in revenue, up 63% year over year and ahead of estimates. U.S. commercial sales surged 121%, driving record growth and a bullish Q4 forecast. CEO Alex Karp called the results “the best any software company has ever delivered.”

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Palatir reported strong third-quarter earnings on Monday,

00:05with its shares fluctuating in after-hours trading, according to Barron's.

00:08Tech company reported adjusted earnings of $0.21 per share

00:10on $1.18 billion in revenues,

00:13surpassing Wall Street estimates and marking 63% year-over-year growth.

00:17U.S. revenue rose 77% year-over-year,

00:20earned by a 121% surge in U.S. commercial sales,

00:23which grew to 34% of total revenue.

00:25Palatir forecasts fourth-quarter revenue of $1.33 billion,

00:28exceeding Wall Street's $1.18 billion estimate,

00:31with a projected 52% adjusted operating margin.

00:34Companies said U.S. commercial sales growth will remain in the triple digits.

00:38CEO Alex Karp said the company's results are arguably the best

00:41any software company has ever delivered.

00:43Shares rose 0.7% after-hours, following a record high during Monday trading.

00:47For all things money, visit Benzinga.com.

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