Palantir Technologies Inc. matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization. The software company posted its third quarter in a row of GAAP profitability, recording second-quarter net income of $28 million, or 1 cent a share.
Palantir Technologies Inc. matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization.
Palantir... Palantir Technologies Inc. matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization. Palantir also announced that its board of directors has approved a stock-buyback program of up to $1 billion. The move comes as the company posted $285 million in adjusted free cash flow during the first half of the year and finished the second quarter with $3.1 billion in cash and equivalents on its balance sheet.
Added Chief Executive Alex Karp in a shareholder letter: “The scale of the opportunity that lies ahead has increased significantly in recent months. And we intend to capture it.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Palantir Reports 13% Revenue Growth, Issues Guidance That Tops EstimatesPalantir executives expect revenue growth to accelerate in the third quarter, with a net income of $28 million. The data analytics company forecasts third-quarter revenue to be between $553 million and $557 million, surpassing analysts' expectations.
Leer más »
Young Men Inc. encourages young boys to learn life skills, stay out of troubleThe two-month empowerment camp was held at the Great Commission Church of God and is centered on keeping the boys out of the street. 60 kids graduated from the program today.
Leer más »
Ginkgo Bioworks stock pops as company plans Merck collaborationGinkgo Bioworks Holdings Inc. shares were rising more than 5% in Monday’s premarket trading after the company said it was collaborating with Merck & Co. Inc....
Leer más »
First Alert Weather: Bright & sunny Sunday before Red Alert for threat of severe storms on MondayWeather: Sunday will begin bright and sunny. By the evening, a few more clouds will come into play, as well as increasing humidity levels.
Leer más »
Gov. Greg Abbott in Denton Monday for 'Save Women's Sports Act' ceremonyGovernor Greg Abbott will be in Denton on Monday to hold a ceremonial signing of a bill that forces college athletes in the state to compete in sports based on their sex at birth.
Leer más »
Colorado gun law raising age to purchase gun to 21 set to take effect MondayA Colorado gun reform law going into effect Monday will prohibit people under 21 years old from purchasing a gun. It is one of many new laws sweeping gun reform measures.
Leer más »