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Palantir's (PLTR) fourth-quarter revenue and outlook for 2025 topped analysts' expectations, sending shares higher in extended trading Monday.
The analytics software provider’s revenue grew 36% year-over-year to $828 million, surpassing the analyst consensus from Visible Alpha on strong demand for the company's Artificial Intelligence Platform.
Earnings came in at $79.01 million, or 3 cents per share, down from $93.39 million, or 4 cents per share, a year earlier, and below expectations, thanks in part to one-time expenses related to stock appreciation rights. However, earnings after adjustment jumped 80% to $341.95 million, or 14 cents per share, topping the analyst consensus.
Palantir CEO Says Results Reflect 'Deepening Position' With AI
"Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution," said Palantir CEO Alex Karp in a release.
Palantir said it anticipates 2025 revenue of $3.74 billion to $3.76 billion, above the analyst consensus of $3.51 billion.
Shares of Palantir surged 15% in extended trading Monday following the release. The stock closed at a record high of $83.74 Monday and has quintupled in value over the past 12 months.
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