Palantir stock booming on Q3 earnings, guidance beat

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Palantir Technologies (PLTR) are cruising higher in Monday's after-hours trading after posting revenue of $725.5 million — topping third quarter estimate — and eking out a profit beat with adjusted earnings of $0.10 per share. The software company raised its full-year revenue guidance, expecting a figure between $2.805 billion to $2.809 billion for 2024.

Julie Hyman and Josh Lipton report on the defense contractor's latest earnings figures, referencing Palantir CEO Alex Karp's comments made to Yahoo Finance.

Palantir chief technical officer and executive vice president Shyam Sankar sat down with Yahoo Finance last week to discuss the company's report titled "The American Reformation," outlining a "blueprint" for resurrecting the US defense industry.

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This post was written by Luke Carberry Mogan.