Palantir quarterly revenue soars 96pc, US commercial revenue tops government for first time
Results beat Wall Street estimates but shares slip in after-hours trading
Palantir Technologies on Monday reported third-quarter revenue of $2.3 billion, nearly doubling its result from a year ago and surpassing analyst expectations of $2.18 billion. The company's U.S. commercial revenue jumped 148 per cent to $984 million, overtaking U.S. government revenue for the first time. Shares dipped about 3 per cent in extended trading, after tech stocks fell last week.