Palantir soars on earnings beat and prediction of full-year profitability
https://www.cnbc.com/2023/05/08/palantir-earnings-report-q1-2023.html
2 replies (most recent on top)
Because they laid off a bunch of people, not because they are actually doing a good job.
- Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates on top and bottom lines.
- CEO Alex Karp said the company expects to remain profitable “each quarter through the end of the year.”
- Palantir’s revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 26%.