Palantir Jumps After Projecting First Annual Profit in 2023

Palantir Technologies Inc. headquarters in Palo Alto, California, US. — Palantir Technologies Inc. headquarters in Palo Alto, California, US.
Photographer: David Paul Morris/Bloomberg

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By Lizette Chapman

February 13, 2023 at 9:05 PM UTC

Updated on

February 14, 2023 at 10:33 AM UTC

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Palantir Technologies Inc., the data analysis company co-founded by Peter Thiel, said it was profitable for the first time in the fourth quarter, and expects 2023 to be its first-ever profitable year.

Shares were up by 19% in premarket trading at 10:28 a.m. London time on Tuesday.