Shares of Palantir Technologies Inc. (PLTR) are rising more than 21% Thursday morning after reporting better-than-expected third-quarter results. The data analytics company also raised its full-year revenue outlook.
The company reported net income of $71.51 million or $0.03 per share in the third quarter, compared with loss of $123.88 million or $0.06 per share in the same quarter a year ago.
Excluding one-time items, earnings were $0.07 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.06 per share.
Quarterly revenue grew to $558.16 million from $477.88 million a year ago. The consensus estimate was for $555.36 million.
For the full year, the company now expects revenue in the range of $2.216 billion- $2.220 billion, compared with the previous outlook of above $2.212 billion. Analysts expects revenue of $2.21 billion for the year.
PLTR is at $18.15 currently. It has traded in the range of $5.92 - $20.24 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.