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Inter Shares Rise 12% on Strong Q2 Results
Palantir Technologies announced its financial results for the second quarter, achieving revenues of $1.94 billion, up 93% year-over-year, surpassing market expectations of $1.80 billion. The company also posted adjusted earnings per share of 41 cents, compared to the anticipated 35 cents, and recorded a net income of $1.07 billion compared to $329 million in the previous year. Despite the strong performance, the company's stock remains down 29% since the start of the year, due to concerns over a slowdown in the growth of the artificial intelligence software sector. However, expectations remain for continued growth for at least the next 18 months, with revenues projected to exceed $8.15 billion by 2026, as well as upward revisions to U.S. commercial revenue forecasts.
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