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Palantir reported quarterly results that topped analysts' estimates and issued better-than-expected guidance for the fourth quarter, attributing much of its strength to artificial intelligence .

The stock, which has soared 25-fold in the past three years, initially rose in extended trading before falling about 4%.

Here's how the company did compared to LSEG estimates:

Earnings per share : 21 cents adjusted vs. 17 cents expected

Revenues : $1.18 billion vs. $1.09 billion expected

Palantir, which builds analytics tools for large companies and government agencies, said it expects revenue of about $1.33 billion for the current period, exceeding the $1.19 billion expected by analysts, according to LSEG.

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