On paper, big data analytics giant Palantir Technologies Inc (NASDAQ:PLTR) still represents one of the strongest statistical performances among major publicly traded enterprises. Since the start of the year, PLTR stock has moved up over 152%. Nevertheless, the security saw a sudden drop recently. Furthermore, Tuesday's after-hours session implies further volatility may be lying in the wings, raising concerns among investors.
What makes the matter so discombobulating for market participants is that earlier, Palantir reported better-than-expected financial results for the third quarter. Following Monday's close, the tech specialist reported revenue of $1.18 billion, beating out Wall Street analysts' consensus target of $1.09 billion. Furthermore, the artificial-intelligence-enabled software company posted adjusted earnings of 21 cents per share, rising above calls for 17 cents per share.
