Palantir Technologies Inc.
(NASDAQ:PLTR) stock jumped about 17% in Tuesday's premarket session after the company reported better-than-expected second-quarter results and raised its outlook, signaling stronger growth and cash generation driven by demand for artificial intelligence.
The company reported second-quarter revenue of $1.94 billion, topping analyst estimates of $1.80 billion.
Adjusted earnings came in at 41 cents per share, ahead of the consensus estimate of 35 cents.
Palantir also raised its guidance.
