They beat earnings expectations by 3% and now they’re down 3%. What the F?!
If you are a Palantir shareholder, you might be feeling frustrated and confused by the market's reaction to the company's earnings report. Palantir, a data analytics and software company that works with governments and corporations, reported its first-quarter results on May 11, 2023. The company beat analysts' estimates on both revenue and earnings per share, but its stock price dropped by more than 3% on the same day. What gives?
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