Palantir’s Earnings Push: Why the Stock is Climbing Hosted by Laycee KluinAugust 12, 2024 ShareLink copied to clipboard. Play video for Palantir’s Earnings Push: Why the Stock is ClimbingDetailsGuestsIn this MarketBeat update, analysts Chris Markoch and Thomas Hughes dive into what’s fueling the recent surge in Palantir’s stock price. Palantir's latest earnings report showed impressive growth, with revenue up 27% year-over-year, boosted by both government contracts and a strong 55% growth in the commercial sector. The company also posted another profitable quarter and raised guidance for the upcoming quarter and the rest of the year. Join us as we explore whether Palantir's strong performance justifies its nearly $30 stock price and what this could mean for investors.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E Ratio Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTrump’s treachery Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...Porter & Company | Sponsored7 Technology Stocks That Analysts Love The MostThere are more than 1,100 technology companies traded on public markets in the United States. 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Hosted by Laycee KluinAugust 12, 2024 ShareLink copied to clipboard. Play video for Palantir’s Earnings Push: Why the Stock is ClimbingDetailsGuestsIn this MarketBeat update, analysts Chris Markoch and Thomas Hughes dive into what’s fueling the recent surge in Palantir’s stock price. Palantir's latest earnings report showed impressive growth, with revenue up 27% year-over-year, boosted by both government contracts and a strong 55% growth in the commercial sector. The company also posted another profitable quarter and raised guidance for the upcoming quarter and the rest of the year. Join us as we explore whether Palantir's strong performance justifies its nearly $30 stock price and what this could mean for investors.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E Ratio Add This Stock to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTrump’s treachery Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...Porter & Company | Sponsored7 Technology Stocks That Analysts Love The MostThere are more than 1,100 technology companies traded on public markets in the United States. Many of these co...MarketBeatTrump Orders 'National Digital Asset Stockpile'Billionaires Rush Into Digital Banking Token Three massive forces are converging right now, creating what c...Crypto 101 Media | SponsoredThe 7 Best Electric Vehicle Stocks That Aren't TeslaWe all know that electric vehicles are the future of day-to-day transportation. They are simpler to manufactur...MarketBeatHere’s How to Claim Your Stake in Elon’s Private Company, xAII predict this single breakthrough could make Elon the world’s first trillionaire — and mint more new milliona...Brownstone Research | Sponsored7 Commodity Stocks To Prepare You for the Coming SupercycleThe election of Donald Trump as President of the United States is likely to significantly impact commodity pri...MarketBeat