Palantir Technologies Third Quarter 2024 Earnings: Beats Expectations

Palantir Technologies (NYSE:PLTR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$725.5m (up 30% from 3Q 2023).
• Net income: US$143.5m (up 101% from 3Q 2023).
• Profit margin: 20% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.064 (up from US$0.033 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Palantir Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 14% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Palantir Technologies that you need to take into consideration.

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