Palantir (PLTR) rises 20% as analysts rush to upgrade stock after strong results
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Palantir Reports Its Fifth Consecutive Quarter of GAAP Profitability; Fourth Quarter GAAP EPS of $0.04
February 5, 2024 4:05 PM ESTDENVER--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE: PLTR) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
Q4 2023 Highlights
GAAP net income of $93 million, representing a 15% margin Fifth consecutive quarter of GAAP profitability GAAP income from operations of $66 million, representing an 11% margin Fourth consecutive quarter of GAAP operating profitability GAAP earnings per share (EPS) of $0.04 Adjusted EPS of $0.08 Revenue grew 20% year-over-year and 9% quarter-over-quarter to $608 million US commercial highlights US commercial revenue grew... More