Palantir reported exceptional second-quarter results for the quarter ending June 30, with revenue of $1.94 billion, up 93% year over year, significantly exceeding analysts’ expectations of $1.801 billion. Net income reached approximately $1.1 billion, or 41 cents per share, beating Wall Street’s estimate of 35 cents. The stock surged more than 14% after hours, reversing a May trend when shares fell despite strong results. U.S. commercial revenue jumped 149%, while government revenue climbed 90%.
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