Palantir Consolidates Gains As AI Hype Survives Earnings
Palantir Technologies Inc (NYSE: PLTR) reported its second-quarter results during Monday’s after-hours trading session. The big data analytics company reported its second-quarter revenue jumped 13% year-over-year to $533.3 million, just ahead of the consensus for sales of $532.4 million. The company posted an operating profit of $10.1 million, or $135 million on an adjusted basis. This translates into adjusted earnings per share of 5 cents, in line with the Street consensus. Breaking Down Palantir’s Q2 PerformancePalantir generated $96 million in free cash flow in Q2, up 58% YoY. The adjusted ...