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 Plunged Today

TheMotleyFool

0 0

Why Palantir Stock Plunged Today: https://g.foolcdn.com/editorial/images/695121/cybersecurity-gettyimages-916463768.jpg

Shares of Palantir Technologies (NYSE: PLTR) fell 14% on Monday after the data analytics provider's earnings forecast fell short of investors' expectations.

Palantir's revenue rose 26% year over year to $473 million in the second quarter. The gains were driven in part by 27% growth in the software company's sales to the U.S. government.

Palantir also continues to progress with its plan to diversify its business. Its commercial revenue jumped 46% to $210 million. Palantir's growth in the U.S. private sector was particularly strong, with U.S. commercial revenue up 120% and customers up 250%.

Source Fool.com

Like: 0

PLTR

Share