Palantir posts strong quarterly earnings, shares slip in after‑hours trade

Palantir Technologies reported third‑quarter revenue of $2.31 billion, beating analysts' estimate of $2.18 billion and marking a 96% year‑over‑year increase. Net income more than doubled to $1.13 billion, while commercial revenue rose 148% to $984 million, surpassing U.S. government revenue of $953 million. The company lifted its full‑year revenue outlook to about $8.53 billion. After the release, the stock fell roughly 3% in extended trading. CEO Alex Karp warned that AI labs may face nationalisation and that every industry will be reshaped or displaced.