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Palantir Plunges 14% After Scaling Back its Annual Forecast

By
Akash Pasricha
· · Source: The Information

Enterprise data analytics company Palantir posted strong revenue growth on Monday that beat its own guidance but projected sharply lower sales and profits for the fiscal year. Shares fell 14% after the results. Palantir grew revenue 26% year-over-year to $473 million, slightly up from its forecast. The company’s government contract sales, the bulk of its revenue, grew 13%. Its commercial...

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