Palantir Q4 earnings beat Wall Street estimates on strong sales to US businesses

Palantir (PLTR) stock jumped 12% during premarket hours on Tuesday after posting fourth quarter earnings and revenue above Wall Street’s expectations on Monday, bolstered by sales to the Trump administration and US businesses. The company’s revenue surged 70% from the year-earlier period to $1.4 billion, ahead of the $1.3 billion expected by Wall Street analysts tracked by Bloomberg. Its adjusted earnings per share rose to $0.25 from $0.14 during the previous year, above the projected $0.23. Palantir’s f ...