{"id":7719,"date":"2025-02-03T23:42:23","date_gmt":"2025-02-03T23:42:23","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/palantir-shares-rocket-22-after-company-posts-strong-earnings-and-outlook\/"},"modified":"2025-02-03T23:42:23","modified_gmt":"2025-02-03T23:42:23","slug":"palantir-shares-rocket-22-after-company-posts-strong-earnings-and-outlook","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/palantir-shares-rocket-22-after-company-posts-strong-earnings-and-outlook\/","title":{"rendered":"Palantir shares rocket 22% after company posts strong earnings and outlook"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107384110\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024.\u00a0<\/p>\n<p>David Paul Morris | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/PLTR\/\">Palantir<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> shares surged as much as 23% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street&#8217;s estimates.<\/p>\n<p>Here&#8217;s how Palantir did versus estimates from analysts polled by LSEG:<\/p>\n<ul>\n<li><strong>Earnings per share:<\/strong> 14 cents, adjusted vs. 11 cents expected<\/li>\n<li><strong>Revenue: <\/strong>$828 million vs. $776 million expected<\/li>\n<\/ul>\n<p>Along with the fourth-quarter beat, Palantir offered better-than-expected guidance. The company said it expects revenue of between $858 million and $862 million, ahead of an LSEG estimate of $799 million. For the full year, Palantir forecast sales of $3.74 billion to $3.76 billion, topping the $3.52 billion average estimate.<\/p>\n<p>Palantir is a major provider of software and technology services to defense agencies. CEO Alex Karp attributed much of the company&#8217;s growth to its use of artificial intelligence.<\/p>\n<p>&#8220;Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution,&#8221; Karp said in the earnings release. &#8220;Our early insights surrounding the commoditization of large language models have evolved from theory to fact.&#8221;<\/p>\n<p>Revenue increased 36% in the quarter from $608.4 million a year earlier. For the full year, sales increased 29%. Karp said in a letter to shareholders that the momentum the company is experiencing across its commercial and government segments is &#8220;unlike anything that has come before&#8221;<\/p>\n<p>Palantir said its U.S. commercial revenue grew 64% from a year ago to $214 million, while U.S. government revenues rose 45% year over year to $343 million. The company said its expects U.S. commercial sales to grow at least 54% to about $1.08 billion in 2025.<\/p>\n<p>&#8220;We are still in the earliest stages, the beginning of the first act, of a revolution that will play out over years and decades,&#8221; Karp said, adding that the company has &#8220;been preparing for this moment diligently for more than twenty years.&#8221;<\/p>\n<p>The results follow a massive rally in Palantir&#8217;s stock, which soared 340% in 2024. The company <a href=\"https:\/\/www.cnbc.com\/2024\/09\/09\/palantir-soars-13percent-on-software-vendors-inclusion-in-sp-500.html\">joined both the S&amp;P 500<\/a> and Nasdaq 100 last year.<\/p>\n<p>Palantir has benefited from the boom in generative AI following the release of OpenAI&#8217;s ChatGPT in late 2022. In an <a href=\"https:\/\/www.cnbc.com\/2025\/01\/31\/palantir-ceo-says-chinas-deepseek-shows-need-for-all-country-effort.html\">interview with CNBC<\/a> last week, Karp said that Palantir is poised to lead the transformation of American companies, and he asserted that bolstering the U.S. is its &#8220;primary objective.&#8221;<\/p>\n<p>Karp also responded to recent worries surrounding the ascent of China&#8217;s DeepSeek, which pummeled financial markets early last week and spurred fears about the hefty spending megacaps have funneled into AI infrastructure and China&#8217;s tech advancements.<\/p>\n<p>&#8220;Technology is not inherently good,&#8221; he told\u00a0<a href=\"https:\/\/www.cnbc.com\/video\/2025\/01\/31\/palantir-ceo-america-has-the-single-best-tech-scene-in-the-world.html\">CNBC&#8217;s Sara Eisen<\/a>\u00a0in the interview. &#8220;We have to acknowledge that, but that also just means we have to run harder, run faster, have an all-country effort.&#8221;<\/p>\n<p><strong>WATCH:<\/strong> <a href=\"https:\/\/www.cnbc.com\/video\/2025\/01\/31\/palantir-ceo-america-has-the-single-best-tech-scene-in-the-world.html\">CNBC&#8217;s interview with Palantir CEO Alex Karp<\/a><\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108095666\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108095666\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000365280\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024.\u00a0 David Paul Morris | Bloomberg | Getty Images Palantir shares surged as much as 23% in extended trading on Monday after the software company reported fourth-quarter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[46],"tags":[3367,1036,199,1188,730,3531,1328,744,617,7794,571,1581,304],"jetpack_featured_media_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107384110-1709832978703-gettyimages-2058964545-FOUNDRYCON_SPEAKERS.jpeg?v=1709833000&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7719"}],"collection":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/comments?post=7719"}],"version-history":[{"count":0,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media\/7720"}],"wp:attachment":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media?parent=7719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/categories?post=7719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/tags?post=7719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}