Palantir Earnings; Pfizer Boosts; Caterpillar Misses
On this episode of Stock Movers: - Palantir Technologies (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business. The data software company also raised its revenue outlook for the full year to a range of $4.14 billion to $4.15 billion, exceeding analysts’ prior expectation of $3.91 billion. - Pfizer (PFE) raised its profit forecast for the year as the drugmaker’s ongoing cost cuts helped make up for a lack of sales growth. Adjusted profits will be…
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