Why Palantir Stock Is Crashing Today

Shares of Palantir Technologies (NASDAQ: PLTR) are falling on Tuesday. The company's stock slid 14.1% as of 10:10 a.m. ET and was down as much as 14.6% earlier in the day. The move comes as the S 500 and the Nasdaq Composite fell by 1% and 1.2%, respectively.

Shares of the big data analytics and artificial intelligence (AI) software company were falling after the company released its first-quarter earnings.

Palantir reported Q1 earnings per share (EPS) of $0.13 on sales of $884 million. The company's revenue was up 39% year over year, beating Wall Street expectations. The strong growth was driven primarily by major U.S. sales, up 55% year over year. Expecting this U.S. strength to continue, Palantir raised its 2025 full-year forecast.

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Source Fool.com