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Inter shares rise 12% on strong Q2 profits
Palantir Technologies announced strong second-quarter results, surpassing market expectations for both profits and revenues. The company experienced a record-breaking revenue growth of 93% year-over-year, with net income reaching $1.07 billion compared to $329 million a year earlier. Revenues came in at $1.94 billion, beating the forecast of $1.80 billion, and adjusted earnings per share rose to 41 cents. The company expects its U.S. commercial revenue to exceed $3.42 billion by 2026 and has raised its full-year guidance to between $8.15 billion and $8.16 billion, anticipating continued growth momentum for the next 18 months, despite its stock dropping 29% since the start of the year amid concerns over a slowdown in the AI sector.
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