Reuters:

Palantir Technologies has revised its revenue forecast upward, driven by strong demand for its artificial intelligence and data analytics platforms. The company now anticipates fourth-quarter revenue in the range of $1.327 billion to $1.331 billion, surpassing analyst estimates of $1.19 billion. This positive outlook follows a better-than-expected third quarter, resulting in an increased full-year revenue projection of $4.396 billion to $4.40 billion. Despite the optimistic forecast, Palantir's shares experienced a decline of nearly 6% in early Frankfurt trading. This downturn reflects concerns regarding the company's valuation, particularly its forward price-to-earnings ratio of 246.2, and potential deceleration in revenue growth from 63% to approximately 61%.