The Nasdaq 100 technology index is officially in a bear market, and while it's unnerving, it does present opportunities. Read More...
Reuters
Palantir profit miss, downbeat revenue forecast send shares tumbling
(Reuters) -Palantir Technologies Inc forecast second-quarter revenue below Wall Street expectations on Monday, indicating slowing sales growth, and missed first-quarter profit estimates, sending shares down 15% in premarket trading. The company, known for its work with the U.S. Army and the Central Intelligence Agency, said it still sees a “wide range” of potential upside to its forecast from “developing geopolitical events”. But slowing revenue growth at the software maker’s government business, which rose 16% in the first quarter, also raised concerns.
