Palantir (PLTR.US) Q1 results meet expectations, raising revenue forecast for 2025 due to "surging demand" for AI.

According to the ZhuoTong Finance and Economics APP, Palantir (PLTR.US) released its first quarter financial report after the market closed on May 5th in Eastern Time. Data compiled by Bloomberg shows that the company's first quarter revenue soared 39% to $884 million, exceeding the analyst average expectation of $863 million. Adjusted earnings per share were 13 cents, in line with market expectations. Earlier this year, the company's stock price had outperformed the S&P 500 index components, with a gain of over 60% year to date. However, due to the company's performance falling short of investors' high expectations, the stock price plummeted over 8% after market on Monday.