Earnings Results
Palantir bet on software that allows companies to deploy large language models in a practical sense, and management says that’s paying off big time
Last Updated: Feb. 3, 2025 at 5:47 p.m. ET
First Published: Feb. 3, 2025 at 4:15 p.m. ET
Palantir Technologies Inc. blew expectations out of the water with its latest forecast Monday, setting up the stock to further its explosive rally.
The software company forecast revenue of $3.741 billion to $3.757 billion for the full year, above the $3.503 billion that analysts tracked by FactSet were modeling. For the current quarter, Palantir PLTR expects $858 million to $862 million in revenue, whereas analysts had been projecting $799 million.
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