Why Palantir Stock Was Soaring Today
Palantir Technologies(PLTR) The Motley Fool·2024-11-06 00:22
Palantir easily beat estimates in its third-quarter earnings report.Shares of Palantir (PLTR 22.33%) were soaring today after the artificial intelligence (AI)-focused software stock posted better-than-expected results in its third-quarter earnings report last night, as revenue growth accelerated for the fifth quarter in a row. It posted strong margin expansion as well.As of 10:02 a.m. ET, the stock was up 20.3% on the news. Palantir shines againPalantir, which is known for its data fusion software that allo ...