Palantir Technologies (NASDAQ: $PLTR) Gains 1.34% Ahead of Q3 Earnings as Wall Street Expects 84% Revenue Growth.
Palantir shares rose 1.34% to $186.58 in Monday’s premarket trading ahead of its third-quarter earnings report. Analysts expect revenue of around $2.18 billion and adjusted earnings of $0.41 per share, up 84% and 94%, respectively, from a year earlier.
The premarket gain follows a 7.4% drop over the previous four sessions, leaving shares about 6.2% below their October 26 closing price. Investors will also be watching for updates on Palantir’s full-year forecast, which calls for revenue of $8.15 billion to $8.158 billion and at least 134% growth in U.S. commercial revenue. The company is set to release its results after the market closes on November 2.
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Palantir shares rose 1.34% to $186.58 in Monday’s premarket trading ahead of its third-quarter earnings report. Analysts expect revenue of around $2.18 billion and adjusted earnings of $0.41 per share, up 84% and 94%, respectively, from a year earlier.
The premarket gain follows a 7.4% drop over the previous four sessions, leaving shares about 6.2% below their October 26 closing price. Investors will also be watching for updates on Palantir’s full-year forecast, which calls for revenue of $8.15 billion to $8.158 billion and at least 134% growth in U.S. commercial revenue. The company is set to release its results after the market closes on November 2.
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