Palantir's (NYSE: PLTR) stock price surged 21% on Feb. 14 in response to its fourth-quarter earnings report. The data mining and analytics company's revenue rose 18% year over year to $509 million, which beat analysts' estimates by $4 million.

Its adjusted net income more than doubled from $45 million to $96 million, or $0.04 per share, which also cleared the consensus forecast by a penny. On a generally accepted accounting principles (GAAP) basis, it generated a net profit of $31 million, which improved from a net loss of $156 million a year ago and represented its first-ever quarterly profit.

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