Palantir Technologies
shares are soaring in late trading Monday after the company posted better-than-expected results for the fourth quarter, including its first-ever GAAP profit.
The data-analytics software company expects to stay in the black in 2023, as it tightens spending. Palantir (ticker: PLTR) said it is reaching sustained GAAP profitability about two years ahead of its internal expectations.
Source: https://www.barrons.com/articles/palantir-earnings-stock-price-7d996fd1?siteid=yhoof2&yptr=yahoo