00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Palantir Technologies beat Wall Street's third quarter expectations
00:06and raised its full-year revenue outlook, according to Benzinga.
00:10The AI software company reported adjusted earnings of 44 cents per share,
00:15topping estimates of 41 cents.
00:17Revenue surged 96% to $2.31 billion,
00:22exceeding expectations of $2.18 billion.
00:25U.S. commercial revenue jumped 148%,
00:29while government revenue increased 96%.
00:33Palantir closed 212 deals worth more than $1 million during the quarter.
00:38The company now expects full-year revenue between $8.53 billion
00:43and $8.534 billion, above its previous forecast.
00:48Palantir also raised its fourth quarter revenue outlook above analyst estimates.
00:52Shares gained nearly 1.6% in after-hours trading Monday,
00:57according to Benzinga Pro.
00:59For all things money, visit Benzinga.com.
