Palantir is due to report third-quarter results after the market close on Monday. Wall Street expects earnings of $0.41 per share on revenue of $2.18 billion. Management has raised full-year revenue guidance to roughly $8.15 billion.
Palantir's earnings release is due after the market close on Monday. Wall Street expects third-quarter earnings of $0.41 per share on revenue of $2.18 billion, which would be an 84.7% year-over-year sales increase. Management raised full-year revenue guidance to roughly $8.15 billion, implying growth of about 82% for the year.
Second-quarter results
In the second quarter, Palantir's revenue rose 93% to $1.94 billion against a $1.80 billion estimate. U.S. commercial revenue jumped 149% to $764 million, and adjusted EPS of $0.41 beat the $0.35 consensus.
