Market News

Palantir (PLTR.US) second-quarter revenue rose 13% to $533.3 million, just above expectations of $532.7 million, and adjusted earnings per share of $.05, in line with expectations. Palantir raised its full-year revenue forecast to more than $2.21 billion, roughly in line with its previous forecast of $2.19 billion to $2.24 billion. The company announced that it would buy back $1 billion worth of shares in response to growing demand for the artificial intelligence platform, which has attracted more than 100 institutional customers since its launch in April, including the healthcare and automotive industries. the company is also in talks with more than 300 companies.