Palantir (PLTR.US) Q1 performance meets expectations, raises revenue forecast for 2025 due to "surging demand" for AI.

According to the Wise Finance APP, Palantir (PLTR.US) released its first-quarter financial report after the closing bell on May 5th. Bloomberg compiled data showed that the company's first-quarter revenue surged 39% to reach $884 million, higher than the analyst average expectation of $863 million. Adjusted earnings per share were 13 cents, which met market expectations. Previously, the company's stock price had been leading gains among S&P 500 index components this year, with an increase of over 60% year-to-date. However, due to the performance not meeting investors' high expectations, the stock price plummeted more than 8% after Monday's closing bell.