Palantir (NYSE:PLTR) outperformed expectations with a third-quarter earnings per share of $0.07, edging past the Street estimate of $0.06. The company’s quarterly revenue also exceeded forecasts, reaching $558 million against the anticipated $555.7 million.
Following the earnings report, Palantir’s stock saw a significant pre-market jump, climbing over 17%.
Looking ahead, Palantir forecasts its fourth-quarter revenue to fall between $599-$603 million, slightly topping the Street estimate of $600 million at the midpoint. The company’s adjusted income from operations is expected to range from $184 million to $188 million.
For the full year 2023, Palantir has uplifted its revenue outlook to $2.216-$2.22 billion, higher than the Street estimate of $2.21 billion. Additionally, it has increased its guidance for adjusted income from operations, now projecting a range of $607 million to $611 million.