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via finance.yahoo.comBusiness & Companies

Palantir falls 4.36% despite near-doubled revenue and higher annual guidance

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) nearly doubled quarterly revenue. Investors still hit the brakes. The AI software provider's shares fell 4.36% to $167.75 at 9:32 a.m. ET on November 4, despite Monday's earnings release outlining…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock falls because fourth-quarter guidance may not meet market expectations despite strong results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shares fell 4.36% to $167.75 at 9:32 a.m. ET on November 4.
  2. 02Third-quarter revenue reached $2.313 billion, up 96% from a year earlier.
  3. 03Management lifted its annual revenue forecast to $8.530-$8.534 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Palantir Technologies Inc.PLTRStock170.41 USD-0.57%today -2.84%Negative Palantir Technologies Inc.P2LT34.SAStock310.41 BRL-0.90%today -1.98%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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