Palantir Technologies Inc (NASDAQ:PLTR) shares are hitting all-time highs on Tuesday following the company’s better-than-expected results for the second quarter. Multiple analysts also raised price targets following the print.
What To Know: Palantir beat analyst estimates on the top and bottom lines for the eighth straight quarter when it reported second-quarter revenue of $1.004 billion versus estimates of $939.71 million, and adjusted earnings per share of 16 cents versus estimates of 14 cents.
Revenue was up 48% year-over-year as U.S. Commercial revenue jumped 93% year-over-year and U.S. Government revenue increased 53% year-over-year.
“This is still only the beginning of something much larger and, we believe, even more significant,” Alex Karp, co-founder and CEO of Palantir, said in …