The Most Important Number in Palantir's Earnings Report Was 134%
The company's U.S. commercial business "is on fire," CEO Alex Karp says.
Overview
Palantir Technologies (NASDAQ:PLTR) scored another beat-and-raise earnings report for the second quarter, announcing results after the market close today that exceeded analysts’ expectations. Palantir raised its full-year guidance again, now calling for $8.154 billion in revenue.
But the biggest number to me was 134% -- the expected full-year growth rate for Palantir’s U.S. commercial revenue. Palantir has long been a key government contractor, but its ability to quickly expand its commercial segment will continue to drive its growth.
Details
Palantir stock was up 13% in after-hours trading. Let’s delve into the report.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.