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Why Palantir Is Skyrocketing Today

TheMotleyFool

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Shares of Palantir (NASDAQ: PLTR) were flying higher on Tuesday. They gained 22.8% as of 3:40 p.m. ET but were up as much as 27.7% earlier in the day. The leg up comes as the S 500 gained 0.7% and the Nasdaq composite gained 1.3% on the day.

Palantir, which provides AI-driven intelligence to commercial and government clients, reported earnings Monday after the closing bell.

Palantir reported huge growth, handily beating Wall Street's expectations. The company delivered earnings per share (EPS) of $0.14 on $828 million in revenue. That beat the $0.11 on $776 million expected by analysts.

Source Fool.com