Lates News

Palantir reported revenue of 8.839 billion US dollars in the first quarter, with analysts expecting 8.629 billion US dollars. The adjusted EBITDA for the first quarter was 3.973 billion US dollars, compared to analysts' expectations of 3.71 billion US dollars. The company expects full-year revenue to be between 38.9 billion and 39.0 billion US dollars, up from the previous forecast of 37.4 billion to 37.6 billion US dollars. It is expected that revenue in the second quarter will be between 9.34 billion and 9.38 billion US dollars, compared to analysts' expectations of 9.041 billion US dollars. CEO Karp stated that the company is implementing "structural adjustments" in the use of artificial intelligence technology. Palantir's stock dropped 5.23% in after-hours trading.