Palantir raises 2024 revenue forecast on robust AI adoption

Palantir Technologies has raised its annual revenue forecast for the third time, driven by strong spending from governments and rising demand for its software services. The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion. Palantir has benefited from the boom in AI technology and has seen its shares rise more than 140% this year. It also recorded its largest-ever profit in the third quarter. However, concerns have been raised about the company's work for Israel, leading to the sale of its holdings by one of its investors.

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- nywlesnywles
  ·2024-11-06
  $Palantir Technologies Inc.(PLTR)$ thanks
  Palantir Stock Soared on Results, Hitting New Highs
  Palantir Technologies Inc (NYSE:PLTR) shares are making new highs on Tuesday after the company reported strong quarterly results driven by "unrelenting" AI demand.
  Palantir Stock Soared on Results, Hitting New Highs
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- AveniteAvenite
  ·2024-11-05
  "Hold" for more to come
  Palantir Stock Soared on Results, Hitting New Highs
  Palantir Technologies Inc (NYSE:PLTR) shares are making new highs on Tuesday after the company reported strong quarterly results driven by "unrelenting" AI demand.
  Palantir Stock Soared on Results, Hitting New Highs
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- ChangiAskaChangiAska
  ·2024-11-05
  Is palantir overhype? Can the growth Catch up with the high valuation? Only time can tell
  Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge
  Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from bu
  Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge
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- nywlesnywles
  ·2024-11-05
  $Palantir Technologies Inc.(PLTR)$ thanks
  Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge
  Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from bu
  Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge
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","content":"<html><head></head><body><p><strong>Palantir Technologies Inc</strong> (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3703f4db5ea0ef75deadabe6d959f551\" tg-width=\"831\" tg-height=\"836\"/></p><ul style=\"\"><li><p><strong>Q3 Revenue:</strong> $725.52 million, beating the consensus estimate of $701.13 million</p></li></ul><ul style=\"\"><li><p><strong>Q3 EPS:</strong> 6 cents, versus estimates of 4 cents</p></li></ul><p>Palantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.</p><p>The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.</p><p>Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.</p><p>“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,&#34; <strong>Alex Karp</strong>, co-founder and CEO of Palantir, said in a letter to shareholders.</p><p><strong>Guidance:</strong> Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.</p><p>Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.</p><p>&#34;We absolutely eviscerated this quarter, driven by unrelenting AI demand that won&#39;t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,&#34; Karp said.</p><p>Following the print, Wedbush analyst <strong>Dan Ives</strong> maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”</p><p>&#34;Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,&#34; Ives said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Soared on Results, Hitting New Highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Soared on Results, Hitting New Highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-05 22:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Palantir Technologies Inc</strong> (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3703f4db5ea0ef75deadabe6d959f551\" tg-width=\"831\" tg-height=\"836\"/></p><ul style=\"\"><li><p><strong>Q3 Revenue:</strong> $725.52 million, beating the consensus estimate of $701.13 million</p></li></ul><ul style=\"\"><li><p><strong>Q3 EPS:</strong> 6 cents, versus estimates of 4 cents</p></li></ul><p>Palantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.</p><p>The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.</p><p>Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.</p><p>“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,&#34; <strong>Alex Karp</strong>, co-founder and CEO of Palantir, said in a letter to shareholders.</p><p><strong>Guidance:</strong> Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.</p><p>Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.</p><p>&#34;We absolutely eviscerated this quarter, driven by unrelenting AI demand that won&#39;t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,&#34; Karp said.</p><p>Following the print, Wedbush analyst <strong>Dan Ives</strong> maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”</p><p>&#34;Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,&#34; Ives said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4023":"应用软件","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4543":"AI","LU1861558580.USD":"日兴方舟颠覆性创新基金B","PLTR":"Palantir Technologies Inc.","BK4588":"碎股"},"source_url":"https://www.benzinga.com/news/earnings/24/11/41746288/palantir-stock-is-hitting-new-highs-whats-going-on","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481507222","content_text":"Palantir Technologies Inc (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.Q3 Revenue: $725.52 million, beating the consensus estimate of $701.13 millionQ3 EPS: 6 cents, versus estimates of 4 centsPalantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,\" Alex Karp, co-founder and CEO of Palantir, said in a letter to shareholders.Guidance: Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.\"We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,\" Karp said.Following the print, Wedbush analyst Dan Ives maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”\"Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,\" Ives said.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367742221537608,"gmtCreate":1730821383153,"gmtModify":1730821387504,"author":{"id":"4101299314304390","authorId":"4101299314304390","name":"Avenite","avatar":"https://static.tigerbbs.com/b7cb9f66c2dfcd97ff88a4cdff7fe2ed","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4101299314304390","idStr":"4101299314304390"},"themes":[],"htmlText":"\"Hold\" for more to come","listText":"\"Hold\" for more to come","text":"\"Hold\" for more to come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367742221537608","repostId":"2481507222","repostType":4,"repost":{"id":"2481507222","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1730817329,"share":"https://ttm.financial/m/news/2481507222?lang=en_US&edition=fundamental","pubTime":"2024-11-05 22:35","market":"hk","language":"en","title":"Palantir Stock Soared on Results, Hitting New Highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2481507222","media":"Benzinga","summary":"Palantir Technologies Inc (NYSE:PLTR) shares are making new highs on Tuesday after the company reported strong quarterly results driven by &#34;unrelenting&#34; AI demand. ","content":"<html><head></head><body><p><strong>Palantir Technologies Inc</strong> (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3703f4db5ea0ef75deadabe6d959f551\" tg-width=\"831\" tg-height=\"836\"/></p><ul style=\"\"><li><p><strong>Q3 Revenue:</strong> $725.52 million, beating the consensus estimate of $701.13 million</p></li></ul><ul style=\"\"><li><p><strong>Q3 EPS:</strong> 6 cents, versus estimates of 4 cents</p></li></ul><p>Palantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.</p><p>The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.</p><p>Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.</p><p>“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,&#34; <strong>Alex Karp</strong>, co-founder and CEO of Palantir, said in a letter to shareholders.</p><p><strong>Guidance:</strong> Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.</p><p>Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.</p><p>&#34;We absolutely eviscerated this quarter, driven by unrelenting AI demand that won&#39;t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,&#34; Karp said.</p><p>Following the print, Wedbush analyst <strong>Dan Ives</strong> maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”</p><p>&#34;Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,&#34; Ives said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Soared on Results, Hitting New Highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Soared on Results, Hitting New Highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-05 22:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Palantir Technologies Inc</strong> (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3703f4db5ea0ef75deadabe6d959f551\" tg-width=\"831\" tg-height=\"836\"/></p><ul style=\"\"><li><p><strong>Q3 Revenue:</strong> $725.52 million, beating the consensus estimate of $701.13 million</p></li></ul><ul style=\"\"><li><p><strong>Q3 EPS:</strong> 6 cents, versus estimates of 4 cents</p></li></ul><p>Palantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.</p><p>The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.</p><p>Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.</p><p>“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,&#34; <strong>Alex Karp</strong>, co-founder and CEO of Palantir, said in a letter to shareholders.</p><p><strong>Guidance:</strong> Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.</p><p>Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.</p><p>&#34;We absolutely eviscerated this quarter, driven by unrelenting AI demand that won&#39;t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,&#34; Karp said.</p><p>Following the print, Wedbush analyst <strong>Dan Ives</strong> maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”</p><p>&#34;Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,&#34; Ives said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4023":"应用软件","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4543":"AI","LU1861558580.USD":"日兴方舟颠覆性创新基金B","PLTR":"Palantir Technologies Inc.","BK4588":"碎股"},"source_url":"https://www.benzinga.com/news/earnings/24/11/41746288/palantir-stock-is-hitting-new-highs-whats-going-on","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481507222","content_text":"Palantir Technologies Inc (NYSE:PLTR) shares soared 16% in morning trading, making new highs on Tuesday after the company reported strong quarterly results driven by “unrelenting” AI demand.Q3 Revenue: $725.52 million, beating the consensus estimate of $701.13 millionQ3 EPS: 6 cents, versus estimates of 4 centsPalantir reported 30% year-over-year revenue growth in the quarter propelled by continued strength in the U.S. The company said U.S. revenue grew 44% year-over-year as U.S. Commercial revenue jumped 54% and U.S. Government revenue climbed 40% year-over-year.The company beat analyst estimates on the top and bottom lines for the fifth consecutive quarter as margins expanded for the eighth straight quarter, and the company guided for continued GAAP operating income and net income in each quarter this year.Customer count grew 39% year-over-year and 6% on a quarter-over-quarter basis. The company said it closed 104 deals worth over $1 million during the quarter.“The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers,\" Alex Karp, co-founder and CEO of Palantir, said in a letter to shareholders.Guidance: Palantir sees fourth-quarter revenue in the range of $767 million to $771 million, versus estimates of $741.44 million. The company also raised full-year guidance across its key metrics.Palantir now expects full-year revenue in the range of $2.805 billion to $2.809 billion versus estimates of $2.759 billion, and full-year U.S. commercial revenue in excess of $687 million, representing growth of at least 50%. The company now expects adjusted free cash flow to be in excess of $1 billion for the year.\"We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,\" Karp said.Following the print, Wedbush analyst Dan Ives maintained an Outperform rating on the stock noting that Palantir delivered “another robust quarter featuring beats across the board.”\"Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR’s partner ecosystem expansion and AIP bootcamps hit another gear,\" Ives said.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"tweetType":1,"viewCount":1573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367526982619320,"gmtCreate":1730769981685,"gmtModify":1730769986898,"author":{"id":"3577572736126216","authorId":"3577572736126216","name":"ChangiAska","avatar":"https://static.tigerbbs.com/f2e16fb982991a2ba199c0714bdcd071","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577572736126216","idStr":"3577572736126216"},"themes":[],"htmlText":"Is palantir overhype? Can the growth Catch up with the high valuation? Only time can tell","listText":"Is palantir overhype? Can the growth Catch up with the high valuation? Only time can tell","text":"Is palantir overhype? Can the growth Catch up with the high valuation? Only time can tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367526982619320","repostId":"2481554263","repostType":2,"repost":{"id":"2481554263","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1730757843,"share":"https://ttm.financial/m/news/2481554263?lang=en_US&edition=fundamental","pubTime":"2024-11-05 06:04","market":"us","language":"en","title":"Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2481554263","media":"Reuters","summary":"Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from bu","content":"<html><head></head><body><p>Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.</p><p>Shares of the company rose about 14% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3da28ad681ba0b47ebcb03ac4a5b9fdb\" tg-width=\"535\" tg-height=\"160\"/></p><p>The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.</p><p>The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.</p><p>The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&amp;P 500 in September and has outperformed the index&#39;s 20% year-to-date gain.</p><p>It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.</p><p>&#34;Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,&#34; CFO David Glazer told Reuters.</p><p>While businesses are increasingly using Palantir&#39;s services, a large chunk of its revenue comes from government spending.</p><p>Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.</p><p>Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.</p><p>Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.</p><p>One of the Nordic region&#39;s largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company&#39;s work for Israel might put it at risk of violating international humanitarian law and human rights.</p><p>The company also forecast fourth-quarter revenue above estimates.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-05 06:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.</p><p>Shares of the company rose about 14% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3da28ad681ba0b47ebcb03ac4a5b9fdb\" tg-width=\"535\" tg-height=\"160\"/></p><p>The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.</p><p>The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.</p><p>The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&amp;P 500 in September and has outperformed the index&#39;s 20% year-to-date gain.</p><p>It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.</p><p>&#34;Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,&#34; CFO David Glazer told Reuters.</p><p>While businesses are increasingly using Palantir&#39;s services, a large chunk of its revenue comes from government spending.</p><p>Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.</p><p>Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.</p><p>Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.</p><p>One of the Nordic region&#39;s largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company&#39;s work for Israel might put it at risk of violating international humanitarian law and human rights.</p><p>The company also forecast fourth-quarter revenue above estimates.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTIR":"2倍做多PLTR ETF-GraniteShares"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481554263","content_text":"Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.Shares of the company rose about 14% in extended trading.The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&P 500 in September and has outperformed the index's 20% year-to-date gain.It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.\"Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,\" CFO David Glazer told Reuters.While businesses are increasingly using Palantir's services, a large chunk of its revenue comes from government spending.Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.One of the Nordic region's largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company's work for Israel might put it at risk of violating international humanitarian law and human rights.The company also forecast fourth-quarter revenue above estimates.","news_type":1,"symbols_score_info":{"PTIR":1.1}},"isVote":1,"tweetType":1,"viewCount":2260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367494980411576,"gmtCreate":1730762168646,"gmtModify":1730762171174,"author":{"id":"3555362771681553","authorId":"3555362771681553","name":"nywles","avatar":"https://static.tigerbbs.com/a7e6473ec2cec348d167d7d95fbdb76c","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555362771681553","idStr":"3555362771681553"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> thanks&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> thanks&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367494980411576","repostId":"2481554263","repostType":2,"repost":{"id":"2481554263","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1730757843,"share":"https://ttm.financial/m/news/2481554263?lang=en_US&edition=fundamental","pubTime":"2024-11-05 06:04","market":"us","language":"en","title":"Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2481554263","media":"Reuters","summary":"Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from bu","content":"<html><head></head><body><p>Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.</p><p>Shares of the company rose about 14% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3da28ad681ba0b47ebcb03ac4a5b9fdb\" tg-width=\"535\" tg-height=\"160\"/></p><p>The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.</p><p>The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.</p><p>The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&amp;P 500 in September and has outperformed the index&#39;s 20% year-to-date gain.</p><p>It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.</p><p>&#34;Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,&#34; CFO David Glazer told Reuters.</p><p>While businesses are increasingly using Palantir&#39;s services, a large chunk of its revenue comes from government spending.</p><p>Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.</p><p>Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.</p><p>Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.</p><p>One of the Nordic region&#39;s largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company&#39;s work for Israel might put it at risk of violating international humanitarian law and human rights.</p><p>The company also forecast fourth-quarter revenue above estimates.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Raises 2024 Revenue Forecast Again on Robust AI Adoption; Shares Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-05 06:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.</p><p>Shares of the company rose about 14% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3da28ad681ba0b47ebcb03ac4a5b9fdb\" tg-width=\"535\" tg-height=\"160\"/></p><p>The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.</p><p>The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.</p><p>The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&amp;P 500 in September and has outperformed the index&#39;s 20% year-to-date gain.</p><p>It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.</p><p>&#34;Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,&#34; CFO David Glazer told Reuters.</p><p>While businesses are increasingly using Palantir&#39;s services, a large chunk of its revenue comes from government spending.</p><p>Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.</p><p>Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.</p><p>Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.</p><p>One of the Nordic region&#39;s largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company&#39;s work for Israel might put it at risk of violating international humanitarian law and human rights.</p><p>The company also forecast fourth-quarter revenue above estimates.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTIR":"2倍做多PLTR ETF-GraniteShares"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481554263","content_text":"Nov 4 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.Shares of the company rose about 14% in extended trading.The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios.The company now expects 2024 revenue in a range of $2.805 billion to $2.809 billion, up from its prior expectation of $2.742 billion to $2.750 billion.The company is among the largest beneficiaries of a rally in AI-linked stocks, with its shares up more than 140% so far this year. It was added to the S&P 500 in September and has outperformed the index's 20% year-to-date gain.It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion. It earlier forecast $966 million to $974 million.\"Top line growth, which is driven by the demand for AI, (is) flowing through to the bottom line,\" CFO David Glazer told Reuters.While businesses are increasingly using Palantir's services, a large chunk of its revenue comes from government spending.Palantir, whose services include providing software to governments that visualizes army positions, posted a 40% rise in U.S. government revenue in the third quarter, which made up more than 44% of total sales of $725.5 million.Analysts on average had expected revenue of $701.1 million, according to data compiled by LSEG.Palantir also recorded its largest-ever profit, with net income of $144 million in the third quarter, CEO Alex Karp said in a letter to shareholders.One of the Nordic region's largest investors, Storebrand Asset Management, said last month it sold its Palantir holdings due to concerns that the company's work for Israel might put it at risk of violating international humanitarian law and human rights.The company also forecast fourth-quarter revenue above estimates.","news_type":1,"symbols_score_info":{"PTIR":1.1}},"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[],"allBottom":false,"essenBottom":true}