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via finance.yahoo.comMarkets

Palantir shares fall despite first-ever quarter above $2B in sales

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) shares fell more than 7% early Tuesday after the software company reported third-quarter results that topped expectations. Revenue grew nearly 96% from a year earlier, and the company booked its first…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock falls despite the beat on concerns about future growth and U.S. commercial contracts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Palantir beat expectations with revenue growing nearly 96% year over year.
  2. 02The stock fell more than 7% early Tuesday.
  3. 03Investors worry about slower momentum in U.S. commercial contracts.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Palantir Technologies Inc.PLTRStock175.03 USD+1.07%today -1.86%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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