Palantir Technologies to Reveal Q3 Earnings; Analysts Expect Growth

Palantir Technologies Inc. will announce its third quarter earnings results after the market closes on November 4, 2024. Analysts forecast earnings per share of 9 cents, an increase from 7 cents in the same quarter last year. The company is anticipated to report revenues of approximately $701.13 million, which reflects its growth trajectory. Recently, Palantir formed a strategic partnership with L3Harris Technologies to leverage their artificial intelligence capabilities for enhancing defense technology. This collaboration may significantly improve situational awareness and target identification for U.S. Army programs. In the lead-up to this announcement, Palantir's stock has shown moderate performance, closing at $41.92 with a slight gain. Analyst opinions vary, with some maintaining bullish perspectives while others are more cautious, indicating ongoing discussions regarding the company’s broader market position and future prospects.