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%. 

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Source Fool.com