Palantir jumps after raising annual revenue forecast
PLTR•Second-quarter revenue beats estimates
Second-quarter revenue rose 93% to $1.94 billion, exceeding the estimate of $1.80 billion.
Shares were down 29.3% year to date.
Palantir raises full-year revenue outlook
Data analytics software provider Palantir Technologies' shares rose 13.1% to $142.09 in extended trading after the company raised its annual revenue forecast.
The company expects annual revenue to be between $8.15 billion and $8.16 billion, versus its prior forecast of $7.65 billion to $7.66 billion.
Palantir also expects third-quarter revenue to be between $2.160 billion and $2.164 billion, above analysts' average estimate of $2.0 billion, according to data compiled by LSEG.
