Here’s Why Palantir Technologies Stock Jumped 21.3% Last Month
Shares ofPalantir Technologies (NYSE:PLTR) climbed 21.3% in August, according to data from S&P Global Market Intelligence. The data technologies stock jumped after the company reported strong second-quarter results, and it continued to climb in subsequent trading.
PLTR data by YCharts.
Palantir published its second-quarter results on Aug. 12 and delivered sales and earnings performance that came in ahead of the market’s expectations. The company posted adjusted earnings per share of $0.04 on sales of $375.64 million, while the average analyst estimate had called for per-share earnings of $0.03 on revenue of $361.1 million.