Palantir will report third-quarter earnings on November 2, and investors expect another beat, as the company has consistently exceeded forecasts. Second-quarter revenue rose 93% year over year to $1.94 billion, above guidance of about $1.8 billion, with U.S. commercial revenue up 149% and U.S. government revenue up 90%. Management expects third-quarter revenue of $2.16 billion, or 83% growth; a beat of about $150 million, similar to the second quarter, would lift growth to 96%. The article argues the stock trades at 120 times forward earnings, so a slowdown in revenue growth could trigger a sharp sell-off.
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- Europe must boost growth or borrow less to keep debt sustainable , IMF says
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