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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