Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda In a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide…

Palantir Technologies Inc. raised revenue and income forecasts for the full year after posting second-quarter sales that far exceeded Wall Street’s estimates, describing commercial demand for its data analytics tools as “otherworldly.”

Hopes are running high that high-profile software provider Palantir can shake off its nine-month bear market and rally after earnings.