Palantir shares fall as company reports in-line earnings, lifts full-year guidance
Publishing timestamp: 2025-05-05 20:07:38
Summary
Palantir beat revenue estimates and raised full-year guidance as companies adopt its AI software. CEO Alex Karp highlighted the company's growth in both commercial and government sectors, with revenues growing 39% from the year-ago period. Palantir's stock has defied the broader downtrend in technology stocks, up more than 60% year to date. The company also increased its full-year revenue outlook and adjusted free cash flow outlook.
Sentiment: POSITIVE
Tickers: PLTR,
Keywords: palantir technologies inc, enterprise, earnings, defense, breaking news, breaking news: technology, business news, breaking news: earnings, technology,
Source: https://www.cnbc.com/2025/05/05/palantir-pltr-q1-earnings-report-2025.html