Palantir Shares Gain 1.34% Before Nov. 2 Earnings Report

Palantir Technologies shares gained 1.34% in premarket trading Monday, Nov. 2, before the company’s scheduled third-quarter results release after the U.S. market close. Analysts expected about $2.18 billion in quarterly revenue and adjusted earnings of 41 cents a share. The revenue estimate was about $16 million above the top of Palantir’s guidance range of $2.160 billion to $2.164 billion. Compared with the $1.181 billion in revenue and 21 cents a share reported a year earlier, those estimates imply increases of about 84% and 94%, respectively.

Source: TokenPost