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00:02Palatir reported strong third-quarter earnings on Monday,
00:05with its shares fluctuating in after-hours trading, according to Barron's.
00:08Tech company reported adjusted earnings of $0.21 per share
00:10on $1.18 billion in revenues,
00:13surpassing Wall Street estimates and marking 63% year-over-year growth.
00:17U.S. revenue rose 77% year-over-year,
00:20earned by a 121% surge in U.S. commercial sales,
00:23which grew to 34% of total revenue.
00:25Palatir forecasts fourth-quarter revenue of $1.33 billion,
00:28exceeding Wall Street's $1.18 billion estimate,
00:31with a projected 52% adjusted operating margin.
00:34Companies said U.S. commercial sales growth will remain in the triple digits.
00:38CEO Alex Karp said the company's results are arguably the best
00:41any software company has ever delivered.
00:43Shares rose 0.7% after-hours, following a record high during Monday trading.
00:47For all things money, visit Benzinga.com.
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