Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter A deceleration in U.S. commercial-contract growth gives some Wall Street analysts pause despite Palantir’s earnings beat Palantir booked its first-ever quarter with more than $2 billion in revenue. Better-than-expected results from Palantir Technologies weren’t enough to lift the stock in Monday’s after-hours action. Shares of the software company were down 3%, which one market expert attributed to the high bar that artificial-intelligence companies face in the current trading climate.
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Emily Bary is MarketWatch's managing editor for companies coverage. She is based in New York. Intraday Data provided by FACTSET and subject to terms of use.
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