On August 6, Palantir Technologies Inc. declined 3.29% in regular trading, trading at $153.385/share, with turnover of $15.04 billion. The stock pulled back following a roughly 29% surge the prior session driven by blowout Q2 earnings.
The retreat reflects profit-taking after the company reported Q2 revenue of $1.935 billion, up 93% year-over-year and well above the $1.802 billion consensus estimate. Adjusted EPS came in at $0.41, beating the $0.35 estimate. US commercial revenue surged 149% to $764 million, and full-year revenue guidance was raised to $8.15-$8.158 billion, far exceeding the prior $7.65-$7.662 billion range and analyst expectations of $7.725 billion.
Within the Application Software sector, broad weakness amplified selling pressure. AppLovin Corporation fell 19.55%, HubSpot declined 18.76%, Datadog dropped 17.64%, and Figma lost 15.81%. Palantir's relatively modest 3.29% pullback compared to peers suggests post-earnings bullish support remains intact, with options market large-block flows continuing to skew bullish and multiple analysts raising price targets post-results.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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