PALANTIR AND ANNOUNCEMENT OF TODAY'S RESULTS
Palantir' s$PLTR+0.0%is expected to be between $599 million and $603 million, with an estimated adjusted operating profit between $184 million and $188 million .
Analysts estimate revenue of $603 million, operating income of $187 million and adjusted earnings of 8 cents per share. The company is seeing an increase in demand from commercial customers and is reporting higher growth in that sector than in government contracts.
Palantir $PLTR+0.0% exceeded expectations in the third quarter, with a 23% increase in commercial revenue to $251 million. CEO Alex Karp expects the U.S. commercial business to reach $1 billion in sales by the first quarter of 2025.
For the record, the company's stock is up a cool 84% over the past 12 months, how do you see this company and what do you think about its future?
