PLTR Stock Surges 112% YTD on Record Revenue Milestone
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BTCCSquare news:
Palantir Technologies Inc. (PLTR) shares have skyrocketed 112% year-to-date following a stronger-than-expected earnings report. The data analytics firm surpassed $1 billion in quarterly revenue for the first time—a milestone originally projected for Q4 2025—fueling a 4% intraday rally.
Q2 earnings of $0.16 per share exceeded analyst estimates by 14%, with total revenue climbing 48% YoY. Commercial segment growth exploded by 93% domestically, while government contracts maintained steady expansion. "This validates our platform's scalability," CEO Alex Karp remarked during the earnings call.
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