Palantir has raised its full-year business guidance, now expecting revenue of $8.53 billion (up from a prior range of $8.15 billion to $8.16 billion, versus a market estimate of $8.2 billion); adjusted operating profit of $5.25 billion (up from a prior range of $4.89 billion to $4.90 billion, versus a market estimate of $4.79 billion); and adjusted free cash flow of $4.8 billion to $5 billion (up from a prior range of $4.5 billion to $4.7 billion). Third-quarter results also exceeded expectations: revenue came in at $2.31 billion (market estimate: $2.17 billion), adjusted earnings per share were 44 cents (market estimate: 41 cents), operating profit was $1.08 billion (market estimate: $974 million), adjusted operating profit was $1.43 billion (market estimate: $1.3 billion), adjusted operating margin was 62% (market estimate: 60.3%), earnings per share were 44 cents, and cash and cash equivalents totaled $3.62 billion (market estimate: $2.88 billion).
