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Why Palantir Stock Plummeted Today

TheMotleyFool

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Why Palantir Stock Plummeted TodayPhoto, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png

Palantir Technologies (NASDAQ: PLTR), one of the most richly valued defense stocks on the planet with a $460 billion market cap, got a little bit cheaper on Tuesday, falling 7% through 11:15 a.m. ET.

Crazily, this happened after Palantir beat on earnings.

Heading into the report, analysts forecast Palantir would earn $0.17 per share (adjusted for one-time items) on just under $1.1 billion in quarterly sales. In fact, Palantir earned $0.21 (also non-GAAP) and its sales were nearly $1.2 billion.

Source Fool.com

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