04:24 PM EDT, 05/06/2024 (MT Newswires) -- Palantir Technologies ( PLTR ) reported Q1 adjusted earnings late Monday of $0.08 per diluted share, up from $0.05 a year earlier.

Analysts surveyed by Capital IQ expected $0.08.

Revenue for the quarter ended March 31 was $634.3 million, up from $525.2 million a year earlier.

Analysts surveyed by Capital IQ expected $617.6 million.

The company expects Q2 revenue of $649 million to $653 million. Analysts surveyed by Capital IQ expect $643.4 million.

Palantir ( PLTR ) raised its full-year 2024 revenue guidance to between $2.68 billion and $2.69 billion from between $2.65 billion and $2.67 billion. Analysts surveyed by Capital IQ expect $2.68 billion.

Palantir ( PLTR ) shares fell more than 8% in after-hours trading.

Price: 23.69, Change: -1.52, Percent Change: -6.03