Palantir Rallies on Sales Forecast, Embrace of Bitcoin
- Sales growth in second quarter will be 43%, above estimates
- Loss was 7 cents a share; stock-based pay more than tripled
This article is for subscribers only.
Palantir Technologies Inc. expects sales to grow 43% in the second quarter, showing new distribution deals are putting its data analysis software into the hands of more customers.
Revenue will reach $360 million in the period ending in June, the company said in a statement Tuesday. Shares gained 9.4% to close at $20.21 in New York.