Palantir (PLTR) reported first quarter adjusted earnings per share of $0.08, which was in line with expectations. Revenue of $634 million was slightly better than the estimate of $615.8 million.

For the second quarter, Palantir sees revenue of $649 million to $653 million, which topped the $641.2 million estimate and adjusted operating profit of $209 million to $213 million, versus the $198.6 million estimate.

The company also raised its full-year revenue and adjusted operating profit guidance.

Yahoo Finance's Julie Hyman and Josh Lipton break down the company's quarterly results.

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This post was written by Stephanie Mikulich.