Palantir lifts annual forecast after Q1 revenue tops estimates
Investing.com - Palantir Technologies lifted its forecast on annual guidance Monday after reporting quarterly revenue that topped Wall Street estimates as the big data analytics company's new contract wins bossted performance amid the ongoing artificial intelligence boom.adjusted earnings of $0.08 a share, up from $0.05 a a share a year earlier, while revenue was up 21% to $634.3 million. That compared with analysts estimates for adjusted EPS of $0.08 on revenue of $615.3M.
For Q2, adjusted income from operations was guided between $209M to $213M on revenue in a range of $649M to $653M, which is above analyst forecasts for revenue of $642.9M.
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