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Palantir shares pop 10% after company posts strong earnings and outlook

  • Palantir Technologies reported a strong Q4 2024, exceeding analyst expectations with an adjusted EPS of $0.14, surpassing the $0.11 estimate.
  • Revenue for Q4 reached $828 million, exceeding predictions by $53 million, with U.S. Operations contributing $558 million, a 52% year-over-year increase.
  • The company closed 129 deals worth at least $1 million each, showcasing its ability to secure high-value contracts.
  • Palantir's management predicts optimistic revenue guidance for Q1 2025, estimating between $858 million and $862 million, reflecting confidence in its growth strategy.
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Benzinga broke the news in New York, United States on Monday, February 3, 2025.
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