What's Going On With Palantir Stock Today?
Portfolio Pulse from Erica Kollmann
Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading lower, continuing a downward trend that started after the company reported its Q2 financial results. The stock is down by 12.5% over the last month, but remains up by 50% over the last three months. The company reported Q2 earnings per share of 5 cents and quarterly revenue of $533.317 million, a 13% YoY increase, in line with expectations.
August 17, 2023 | 5:04 pm
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Palantir's stock is experiencing a downward trend following the release of its Q2 financial results.
The downward trend in Palantir's stock price is likely due to the company's recent Q2 financial results. Despite reporting a 13% YoY increase in revenue, the stock has been trading lower, suggesting that investors may have had higher expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100