Palantir reported a 96% year-over-year increase in third-quarter revenue to $2.3 billion, exceeding analysts’ estimate of $2.18 billion. The company raised its full-year revenue forecast to $8.53 billion and projected quarterly revenue of $2.64 billion to $2.65 billion. Adjusted earnings per share reached 44 cents, compared with 21 cents a year earlier, while U.S. commercial revenue surged 148% to $984 million. Shares rose about 1.5% after the release, as investors weighed strong AI-related revenue growth against concerns about technology-sector spending and returns.
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