Palantir Beats Sales Estimates, Raises Outlook on AI Enthusiasm [Yahoo! Finance Canada]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The company reported sales of $634.3 million for the three months ended March 31, up 21% from a year earlier. Analysts had estimated the company would bring in $615.8 million in sales, according to data compiled by Bloomberg. Net income was $106 million, its largest quarterly profit ever, far surpassing the average estimate for $83 million. Palantir reported its first profitable year in 2023. ADVERTISEMENT Co-founded by Peter Thiel, Palantir develops software and analysis tools for companies and government agencies allied with American interests. Palantir's software is used by defense forces supporting Ukrainian and Israeli objectives along with US allied military efforts to counter China aggression in Taiwan — a stance that has alienated some investors. “We're pro-Ukraine and pro-Israel,” Chief Executive Alex Karp said in an interview. “Not everyone wants to be on our train.” Palantir's roots are in government sales — the venture arm of the US Cent
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website