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Why Palantir Stock Rallied 17.1% in August

TheMotleyFool

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Why Palantir Stock Rallied 17.1% in AugustPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Shares of big-data software leader Palantir Technologies (NYSE: PLTR) rallied 17.1% in August, according to data from S&P Global Market Intelligence.

Last month saw the entire tech sector recover from a big sell-off that began in late July, as recession fears gave way to some better economic reports. But what differentiated Palantir's performance among others was a truly eye-opening earnings report.

In the second quarter, the stellar numbers included revenue growth of 27% overall to $678 million, and adjusted earnings per share that rose 80% to $0.09, with both figures handily beating expectations.

Source Fool.com

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