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Palantir shares surge over 12% on strong earnings and raised revenue outlook

  • Shares in Palantir Technologies rose more than 12% after reporting strong earnings and raising its revenue outlook.
  • In its fiscal third quarter, Palantir reported adjusted earnings per share of 10 cents, beating expectations.
  • Palantir's customer growth contributed to its strong performance, with 104 deals closed worth more than $1 million.
  • Palantir expects revenue of $767 million to $771 million for its fiscal fourth quarter and raised its full-year revenue outlook.

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