New Delhi, Aug. 3 -- Shares of data analytics software company Palantir Technologies (PLTR) moved higher on Monday as investors awaited the company's second quarter earnings report, scheduled for release after the closing bell.

At 11:54 a.m. EDT, Palantir shares were up 1.52%, or $1.87, at $124.99. Despite the intraday gain, the stock has declined 25.49% so far this year.

Wall Street expects Palantir to deliver another strong quarter, with revenue projected to rise 80.8% year over year, accelerating from the 48% growth recorded in the corresponding period last year.

Over the past month, analysts have largely maintained their earnings estimates, signalling confidence that the company will continue its growth trajectory. Palantir has con...