Palantir Earnings Demolish Expectations on AI Growth. The Stock Is Zooming.
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Palantir Technologies posted a big beat in its fourth-quarter results on Monday afternoon. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents, according to FactSet. Commercial revenue grew by 31% to $372 million from 2023, and government revenue grew by 40% to $455 million.
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