Palantir Technologies Inc. shares jumped 27% to $160.25, the most in almost 16 months after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.”
Palantir said Monday that it now expects $4.89 billion to $4.91 billion in adjusted income from operations this year, up from $4.45 billion at the top end of the range previously. The software developer and major military vendor projected as much as $8.16 billion in sales, above the average Bloomberg-compiled estimate of $7.7 billion.
