Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Palantir Stock Plummeted Today

TheMotleyFool

0 0

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

Like: 0

PLTR

Share