04:23 PM EDT, 08/05/2024 (MT Newswires) -- Palantir Technologies ( PLTR ) reported Q2 adjusted earnings Monday of $0.09 per share, up from $0.05 a year earlier.

Analysts surveyed by Capital IQ expected $0.08.

Revenue in the quarter ended June 30 rose to $678.1 million from $533.3 million a year earlier.

Analysts polled by Capital IQ expected $652.4 million.

The company expects Q3 revenue of $697 million to $701 million.

Analysts surveyed by Capital IQ expect $680.2 million.

The company raised its full-year revenue guidance to 2.74 billion to $2.75 billion from $2.68 billion to $2.69 billion.

Analysts polled by Capital IQ expect $2.70 billion.

Shares of the company rose 16% in recent after-hours trading.

Price: 28.05, Change: +3.96, Percent Change: +16.44