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Palantir reports solid earnings but outlook falls short of expectations

  • Palantir Technologies reported solid figures in its fiscal first quarter, with adjusted earnings per share of eight cents and revenue of $634.3 million.
  • Palantir's U.S. commercial business saw strong growth, with revenue increasing 40% year-over-year.
  • The company ended the quarter with $3.9 billion in cash, cash equivalents, and Treasury securities on hand.
  • However, Palantir's outlook for the fiscal second quarter and full year fell short of analysts' expectations, leading to a decline in shares.

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