Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Palantir Technologies Stock Skyrocketed on Tuesday


Shares of Palantir Technologies (NASDAQ: PLTR) charged out of the gate on Tuesday, spiking as much as 27.7%. As of 10:59 a.m. ET, the stock was still up 25.4%.

The catalyst that sent the artificial intelligence (AI) software and data mining specialist soaring was the company's quarterly financial report and bullish commentary from management that suggests the AI revolution has much further to run.

In the fourth quarter, Palantir generated revenue that accelerated to 36% year over year (and 14% sequentially) to $828 million. This resulted in adjusted earnings per share (EPS) of $0.14, which soared 75%.

Continue reading


Source Fool.com

Like: 0
Share

Comments