Palantir shares closed nearly 30% higher on Tuesday at $162.66, pushing the company’s market capitalization to $389.95 billion, according to market data from BIT (bit.com). In after-hours trading, the stock was quoted at $160.45, down 1.42% from the close. The move came after Palantir’s latest earnings report, released after the previous trading session, showed second-quarter revenue rising 93% year over year to $1.94 billion and net income reaching $1.06 billion. The company also sharply raised its full-year guidance. Palantir trades under the ticker PLTR.
Palantir shares closed nearly 30% higher on Tuesday at $162.66, lifting the company’s market capitalization to $389.95 billion, according to market data from BIT (bit.com).
In after-hours trading, the stock was quoted at $160.45, down 1.42%.
Palantir’s latest earnings report, released after the previous trading session, showed second-quarter revenue rising 93% year over year to $1.94 billion. Net income reached $1.06 billion, and the company sharply raised its full-year guidance.
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