Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

When It Comes To Medicare Cards, What’s In Your Wallet?

July 17, 2025

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 17, 2025

20 Part-Time Jobs With Excellent Pay and Flexibility

July 17, 2025
Facebook Twitter Instagram
Trending
  • When It Comes To Medicare Cards, What’s In Your Wallet?
  • Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)
  • 20 Part-Time Jobs With Excellent Pay and Flexibility
  • JPMorgan Worth More Than Citi, Bank of America, Wells Fargo
  • How An Economist Thinks About “Trump Accounts”
  • Judge’s Rule Reversal Means Medical Debt Could Impact Your Credit Report
  • What the New Tax Law Changes for Slot Machine Players
  • 9 Long-Held Traditions That Are Quietly Wrecking Family Finances
Thursday, July 17
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Palantir reports 13% revenue growth, issues guidance that tops estimates
News

Palantir reports 13% revenue growth, issues guidance that tops estimates

News RoomBy News RoomAugust 7, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Palantir reported a 13% increase in second-quarter revenue on Monday and issued a forecast for the current period that topped analysts’ estimates. Investors pushed up shares as much as 3% in extended trading.

Here’s how the company did:

  • Earnings: 5 cents per share, adjusted, vs. 5 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $533 million, vs. $533 million as expected by analysts, according to Refinitiv.

Palantir reported $28 million, or 1 cent per share, in net income, compared with a net loss of $179 million, or 9 cents per share, in the year-ago quarter.

The data analytics company said third-quarter revenue will likely be between $553 million and $557 million, ahead of the $552 million expected by analysts. The midpoint of the guidance implies 16% growth, a sequential acceleration after three years of gradual deceleration.

Management reiterated expectations for net income in the third and fourth quarters and called for full-year revenue of over $2.212 billion, above the midpoint of its forecast from May. Analysts polled by Refinitiv had expected $2.209 billion.

“We anticipate that we will become eligible for inclusion in the S&P 500 after we report our financial results for Q3 2023 in early November,” CEO Alex Karp wrote in a letter to shareholders. “At that point, we will have been profitable on a cumulative basis over the preceding four quarters.”

Palantir lifted its forecast for adjusted income from operations for year to over $576 million, compared with a range of $506 million to $556 million as of May.

The company said its board approved a buyback program of up to $1 billion.

Government revenue accounted for 57% of total sales. During the quarter Palantir announced a contract from the U.S. Special Operations Command that could be worth up to $463 million. The company’s fastest area of growth was international government revenue, which increased 31% to $76 million.

Prior to the after-hours move, the value of Palantir shares had climbed 177% so far this year, compared with a rise of 17% for the S&P 500 index over the same period.

Executives will discuss the results on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Google, Palantir and Meta are great companies to ride the A.I. wave: Deepwater Asset’s Gene Munster

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Lucid shares tumble following public offering of nearly 262.5 million shares

News October 17, 2024

Harris distances herself from Biden, bashes Trump in tense Fox News interview

News October 17, 2024

Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT

News October 16, 2024

I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside

News October 16, 2024

Trump’s crypto coin goes on sale with Election Day just three weeks out

News October 15, 2024

Cramer’s Lightning Round: Uranium Energy is ‘the real deal’

News October 15, 2024
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 17, 20250 Views

20 Part-Time Jobs With Excellent Pay and Flexibility

July 17, 20250 Views

JPMorgan Worth More Than Citi, Bank of America, Wells Fargo

July 17, 20250 Views

How An Economist Thinks About “Trump Accounts”

July 16, 20250 Views
Don't Miss

Judge’s Rule Reversal Means Medical Debt Could Impact Your Credit Report

By News RoomJuly 16, 2025

Drazen Zigic / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article,…

What the New Tax Law Changes for Slot Machine Players

July 16, 2025

9 Long-Held Traditions That Are Quietly Wrecking Family Finances

July 16, 2025

Why Skipping This One PR Move Could Stall Your Startup’s Growth Before It Even Begins Doing PR is critical for startups, yet many entrepreneurs are so busy developing their product that they forget to make a media plan.

July 16, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

When It Comes To Medicare Cards, What’s In Your Wallet?

July 17, 2025

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 17, 2025

20 Part-Time Jobs With Excellent Pay and Flexibility

July 17, 2025
Most Popular

Allstate Takes New Approach to Return-to-Office: Coworking

November 19, 20243 Views

10 Places to Find Lost Money at Home

October 5, 20241 Views

Memorable Stories, Feuds, and Rumors That Made Ed Sullivan …

August 5, 20231 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.