Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.
Shares of Palantir popped 14% in premarket trading Thursday, after the company released third-quarter earnings that beat analysts' expectations and raised full-year revenue guidance.
The company reported a net income of $72 million, or 3 cents per share, compared with a net loss of $123.9 million in the year-ago quarter.
Palantir, which is known for its work with the government, said its U.S. commercial customer count increased 37% year over year, growing from 132 customers to 181.
In its second quarter, Palantir said it expected $2.212 billion for the full year, above the midpoint of its forecast from May.
Persons:
Alex Karp, Palantir, LSEG
Organizations:
Artificial Intelligence, LSEG
Locations:
Washington ,