1706 ET - Palantir Technologies blew past analysts' expectations for 4Q and guided for another beat in the current quarter. CEO Alex Karp said in a letter to shareholders that the company's recent results are indicative of a new phase of its business. "The business we have built has now developed its own internal momentum and strength, its own interior life and forms of untamed organic growth, with the output that we are seeing far surpassing what we are investing." He dubs the company a software juggernaut as its stock price jumps 21%, to $101.86, in after-hours trading. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 17:06 ET (22:06 GMT)
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