Palantir’s stock jumped 20% after posting its first quarterly profit. The data technology firm also expects 2023 to be its first profitable year.
Palantir’s fourth quarter revenue of $508.6 million came in above Wall Street’s estimate of $505.1 million. Adjusted earnings per share of 4 cents came in above estimates of 2.9 cents.
Avis Budget (CAR)
Avis’s fourth quarter earnings per share of $10.46 topped analyst estimates of $6.45. The rental car company’s revenue of $2.77 billion topped Wall Street expectations of $2.66 billion as demand for travel was strong.
Avis shares rose 7% immediately following the results.
Denny’s fourth quarter adjusted earnings per share of 18 cents came in above expectations of 16 cents. Operating revenue rose 12% year-over-year to $120.8 million. Domestic same store restaurant sales were up 2% year-over-year.
Denny’s shares were trading about 2% higher in after hours.
Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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