Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting on interest 'unlike anything we have seen' in its new artificial intelligence platform, sending its shares up about 20% in extended trading.
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photosaid on Monday it expects to turn a profit every quarter in 2023, betting on interest "unlike anything we have seen" in its new artificial intelligence platform, sending its shares up about 20% in extended trading.
"Investors will be pleased not only with the better-than-expected results for the quarter, but also the guidance for profitability as well as the recent AI initiatives," said D.A. Davidson & Co analyst Gil Luria. Palantir's first-quarter revenue rose 18% to $525.2 million and adjusted profit stood at 5 cents per share, both above estimates.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Every summer 2023 gaming showcase: full schedule of streams | Digital TrendsWith E3 canceled, this summer is going to get messy. Here's a full list of every video game showcase happening in its place.
Weiterlesen »
The 50 best Father’s Day gift ideas for every kind of dad in 2023No dad jokes here — just good gifts.
Weiterlesen »
Palantir stock roars higher after a second straight earnings surprisePalantir Technologies Inc. delivered a surprise profit for the second quarter in a row Monday, while also topping revenue expectations.
Weiterlesen »
Westminster dog show 2023: N.J. obedience winning streak ends, but state remains alpha in sportAt the 147th Westminster Kennel Club dog show, New Jersey dogs dominate obedience.
Weiterlesen »