Palantir Technologies Inc. Experiences a Significant Stock Increase

After the release of its fourth-quarter financial results for fiscal 2024, Palantir Technologies Inc. saw its shares surge by an impressive 15% in after-hours trading. The software giant reported a remarkable 36% year-over-year revenue increase, reaching $828 million, alongside a net income rise of 10% to $79 million.

Looking ahead, Palantir has set optimistic revenue projections for the first quarter of 2025, estimating figures between $858 million and $862 million. For the entire year of 2025, the company anticipates revenues to range from $3.741 billion to $3.757 billion.

At 4:19 pm ET, Palantir's stock experienced a 15.07% jump, with shares trading at $96.36 each.