Palantir Soars on Strong Earnings Beat Driven by Commercial Growth

Palantir earnings beat targets as commercial revenue grew 23% vs estimates. PLTR stock surged.

Revenue rose 17% to $558 million. Government sales missed but commercial beat.

EPS of 7 cents topped views of 6 cents.

PLTR stock up 127% YTD ahead of earnings.

Large government contracts coming up for renewal a potential issue.