Palantir (PLTR) reports Q2 earnings numbers, doubles free cash flow estimates EPS beats

Palantir (PLTR) has just released Q2 earnings on Thursday ahead of the market opening. The number for Earnings Per Share (EPS) was $0.04 just ahead of the estimate for $0.03. Revenue came in at $376 million also ahead of estimates at $353 million. Palantir also increased its guidance for Q3 revenue to $385 million which is ahead of analyst estimates for $376.4 million. Palantir raised its estimate for full-year 2021 adjusted free cash flow guidance to $300 million-plus, from a previous $150 million-plus. 

The shares have obviously taken the news well, PLTR stock is trading at $23.74 in Thursday’s premarket, up 6%. The most eye-catching headline is likely the doubling of free cash flow estimates from $150 to $300 million-plus. 

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