Palantir shares dip after underwhelming sales forecast
In the wake of Palantir Technologies Inc.'s optimistic annual revenue forecast, its shares stumbled in after-hours trading, underlining investor scepticism despite a year of meteoric growth. Co-founded by Peter Thiel, the company, a cornerstone of the AI boom, raised its outlook for adjusted operating income, yet concerns loom over faltering international sales, particularly in Europe. Palantir's innovative boot camps continue to drive US commercial growth, hinting at a potential shift in revenue dynamics from government to commercial sectors.
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By Lizette Chapman
Palantir Technologies Inc. shares slid in extended trading on Monday as the market appeared unimpressed by the company's outlook for annual sales after the stock has tripled in the past year.
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