Palantir Ups Revenue Forecast for 2023, Sees 4Q Profit

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Palantir Ups Revenue Forecast for 2023, Sees 4Q Profit

Dow Jones2023-11-02

By Rob Curran

Palantir Technologies boosted its revenue projection for 2023 and said it would turn a profit in the fourth quarter.

The Denver analytics company now anticipates between $2.216 billion and $2.22 billion in revenue. It had previously expected revenue in excess of $2.212 billion.

Revenue in the third quarter grew 17% to $558 million, topping expectations of $555.5 million by analysts polled by FactSet.

For the fourth quarter, Palantir expects to turn a profit on revenue between $599 million and $603 million.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

November 02, 2023 07:55 ET (11:55 GMT)

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