Palantir (PLTR) has just released Q2 earnings on Thursday ahead of the market opening. The number for Earnings Per Share (EPS) was $0.04 just ahead of the estimate for $0.03. Revenue came in at $376 million also ahead of estimates at $353 million. Palantir also increased its guidance for Q3 revenue to $385 million which is ahead of analyst estimates for $376.4 million. Palantir raised its estimate for full-year 2021 adjusted free cash flow guidance to $300 million-plus, from a previous $150 million-plus.
The shares have obviously taken the news well, PLTR stock is trading at $23.74 in Thursday’s premarket, up 6%. The most eye-catching headline is likely the doubling of free cash flow estimates from $150 to $300 million-plus.