By Ben Glickman
Palantir raised its full-year outlook for revenue after sales rose in the second quarter.
The Denver-based data analytics company on Monday said it now expected revenue “in excess” of $2.21 billion, up from prior guidance of $2.19 billion to $2.24 billion. Analysts polled by FactSet expect revenue of $2.21 billion this year.
Palantir said it continues to expect to turn a profit in each quarter of the year.
The company said it expects third-quarter revenue of $553 million to $557 million. Analysts forecast revenue of $533.4 million, according to FactSet.
Palantir raised its guidance after it swung to a profit in the second quarter. The company’s earnings were in-line with analysts’ estimates and sales rose 13%.
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