Palantir Lifts, On Semiconductor Mixed, Snap Rises
On this episode of Stock Movers: - Palantir Technologies (PLTR) raised revenue and income forecasts for the full year after posting second-quarter sales that far exceeded Wall Street’s estimates, describing commercial demand as “otherworldly.” Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations and projects as much as $8.16 billion in sales for the full year. Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were “staggering,” rising 149% from a year earlier to $764 million. - On…
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