Why Palantir Stock Is Skyrocketing This Week
Shares of Palantir (NASDAQ: PLTR) were flying this week. The company's stock gained 39.3% as of 1:50 p.m. ET on Friday, and was up as much as 41% earlier in the week. The leap comes as the S 500 (SNPINDEX: ^GSPC) was flat, while the Nasdaq-100 gained 0.4% in the week's trading.
The artificial intelligence (AI)-powered intelligence and analytics company reported better-than-expected earnings this week, sending shares higher.
Palantir saw its Q4 sales grow 34% year over year and 14% quarter over quarter, delivering earnings of $0.14 per share on $828 million in sales. The numbers handily beat Wall Street's targets of $0.11 per share and $776 million. The company's guidance also topped estimates: Palantir expects sales of $3.75 billion for 2025 when consensus estimates were $3.52 billion.
Source Fool.com
