Shares of Palantir (NYSE: PLTR) were soaring today after the artificial intelligence (AI)-focused software stock posted better-than-expected results in its third-quarter earnings report last night, as revenue growth accelerated for the fifth quarter in a row. It posted strong margin expansion as well.

The fact that PLTR is experiencing the contrary of that -- its relative growth rate is actually accelerating -- is a noteworthy outlier. To me, this suggests that Palantir's customers are extremely interested in PLTR's offerings, likely especially the AI ...

In today's session, PLTR is trading more than 14% higher ahead of the bell, as Wall Street cheers the company's third-quarter (Q3) earnings report. In fact, outspoken CEO Alex Karp kicked off the company's earnings call by saying, “Given how strong our results are, I almost feel like we should just go home.”

Data-mining and analytics company Palantir (NYSE:PLTR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 30% year on year to $725.5 million. On top of that, next quarter’s revenue guidance ($769 million at the midpoint) was surprisingly good and 3.

Palantir Technologies beat estimates for revenue and adjusted EPS thanks to increased demand for its AI offerings.

Palantir (NYSE:PLTR) will be releasing its earnings for Q3 2024 just ahead of the momentous U.S. presidential election on Tuesday. Although this