Palantir (PLTR) Soars 9% On a Beat-and-Raise

Palantir (NYSE: PLTR) reported better-than-expected second-quarter earnings to send its shares over 9% higher in pre-open Thursday.

The company reported EPS of $0.04 to beat the analyst estimate of $0.03. Sales soared 49% to $376 million, again better than the consensus estimate of $353.23 million.

The company also topped analyst estimates for Q3 sales guidance - $385 million vs $376.4 million. It said it is projecting an adjusted operating margin of 22%.

Palantir also raised its full-year outlook to now expect free cash flow (FCF) above $300 million, up from the prior $150 million. Furthermore, it is expecting annual revenue growth of 30% or greater for 2021 through 2025.

Shares of the company are down 4.4% YTD, based on yesterday’s closing price of $22.35

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