Palantir

Shares of Palantir Technologies are surging Tuesday, after the data-analysis company recorded its first profitable quarter and flagged a boost to growth ...

Palantir shares reached a record closing high of $39 in January 2021. 22, 2021, when it surged 25%.\n\nThe stock remains a long way below the peak reached a few months after its September 2020 listing, however. Its largest one-day gain to date was on Jan.

In this video, I will go over Palantir's (PLTR 10.78%) fourth-quarter earnings report, which was its first positive GAAP net income quarter. Palantir already ...

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Palantir (PLTR) stock saw its largest rally in some time Monday evening after the big data firm reported a slight earnings beat and CEO Alex Karp said.

The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. This is a sure sign that the euphoria is not over. The Aussie pair fails to capitalize on the hawkish remarks from RBA Governor Lowe. Palantir stock broke through the high from February 2 at $9.20 during the afterhours trade to a new 6-month high at $9.35. It also does not guarantee that this information is of a timely nature. This regions stems from resistance experienced back during the summer of 2022. "We promised you GAAP profitability in 2025, which you thought would be in 2027 perhaps," said Alex Karp on the earnings call. Karp did not specify the GAAP figure but said Palantir would achieve between $481 and $531 million in adjusted income from operations for 2023. [news](https://www.fxstreet.com/news) for shareholders, who in line with Wall Street has been expecting a $-0.03 loss. PLTR stock shot up nearly 23% to a high of $9.35 but ended the afterhours trade 16.8% ahead at $8.89.

A threshold has been crossed, and this is the start of our next chapter,” said CEO Alex Karp.

Palantir Technologies reported strong results for Q4 2022, beating revenue and earnings estimates. Click here for our take on what this means for PLTR ...

[forecast](https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market#:~:text=The%20global%20artificial%20intelligence%20market,37.3%25%20from%202023%20to%202030.) to grow at a 37.3% compounded annual growth rate (CAGR), Palantir is poised to benefit from this trend. is a tremendous software company which is truly innovating across the worlds of big data and AI. This contract mentions "data platform services" and the "Federated Data Platform," which is expected to be the new NHS data platform. This enables users to build and launch data Software as a Service ("SaaS") apps on its platform, which offers huge potential for an "App Store" style business model. I forecast this growth to be driven by improved economic conditions, as well as increasing wins across military and healthcare applications, as per the current trend. [includes](https://www.prnewswire.com/news-releases/tampa-general-hospital-and-palantir-partner-to-improve-patient-care-through-data-and-analytics-platform-301696415.html) the Cleveland Clinic, Tampa General and a another operator with over 2,400 healthcare sites. Either way, the fear of such a scenario should be a strong motivator for more military contracts. To put the size of this contract into perspective, this is ~86% of its entire Q4,22 revenue of $509 million, which would seriously accelerate the company. [by the CIA](https://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/?sh=d6d895677852) and used for "terrorist hunting." The company recently reported a strong [fourth quarter of 2022](https://seekingalpha.com/pr/19117017-palantir-reports-first-quarter-of-positive-gaap-net-income-gaap-eps-of-0_01-in-q4-2022), as it beat both top and bottom line growth estimates. The company is targeting large organizations/enterprises, or the "whales" of the industry. You may initially wonder why this didn't translate directly into a major revenue boost, and this is for a couple of reasons.

Palantir Technologies Inc. (NYSE:PLTR) Q4 2022 Earnings Call Transcript February 13, 2023 Ana Soro: Good afternoon. I'm Ana Soro from Palantir's finance ...

The company forecast 2023 revenue between US$2.18bil (RM9.5bil) and US$2.23bil (RM9.7bil), below the US$2.29bil (RM10bil) estimated by analysts, according to ...

During this time, Palantir signed agreements with defence contractor Lockheed Martin and the United Kingdom military. Revenue from newly public firms that use Palantir’s services has taken a hit as economic uncertainty torpedoes the market for US stock listings. Still, a jump in defence contracts following Russia’s invasion of Ukraine helped fourth-quarter revenue beat estimates with a rise of 18% to US$509mil (RM2.2bil). That revenue is expected to nearly halve in the first quarter to US$16mil (RM69.6mil) from a year earlier. The company forecast 2023 revenue between US$2.18bil (RM9.5bil) and US$2.23bil (RM9.7bil), below the US$2.29bil (RM10bil) estimated by analysts, according to Refinitiv. The forecast, coming on the back of better-than-expected fourth-quarter results, sent the data analytics software maker’s shares up 16% after hours and was set to add nearly US$3bil (RM13.1bil) to the company’s market capitalisation of US$15.6bil (RM68bil).