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 MarketBeatDonald Trump is about to free crypto from its chains …Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election...Weiss Ratings | Sponsored7 Stocks Changing the World—and Making Investors Wealthy Technology is evolving faster than ever. Disruptive technology that was seen as groundbreaking just a decade...MarketBeatURGENT: Someone's Moving Gold Out of London...People who don’t understand the gold market are about to lose a lot of money. 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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 MarketBeatDonald Trump is about to free crypto from its chains …Sure enough, Bitcoin took off on the exact day Juan said it would. It's up more than 40% since the election...Weiss Ratings | Sponsored7 Stocks Changing the World—and Making Investors Wealthy Technology is evolving faster than ever. Disruptive technology that was seen as groundbreaking just a decade...MarketBeatURGENT: Someone's Moving Gold Out of London...People who don’t understand the gold market are about to lose a lot of money. Unfortunately, most so-called “g...Golden Portfolio | Sponsored13 Stocks With Strong Institutional BuyingHedge funds, university endowments, pension funds, and sovereign wealth funds have been pouring money into an ...MarketBeatWhy Elon put $51 million into thisWhy Elon Musk Just Invested $51 Million Into Brand New “Miracle Metal” Developed by MIT ScientistsTrue Market Insiders | 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
