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Why Palantir Stock Plunged Today

TheMotleyFool

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Palantir (NASDAQ: PLTR) stock tumbled 5% through 10:25 a.m. ET Tuesday morning despite beating on top and bottom lines in its Q1 earnings report last night.

Heading into the report, analysts forecast Palantir to earn $0.28 per share (pro forma) on $1.5 billion in sales. Instead, Palantir earned $0.34 per share -- GAAP -- on $1.6 billion in sales.

Image source: Getty Images.

Source Fool.com

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