Palantir Technologies Inc (NYSE:PLTR) shares are trading lower by 13.61% at $8.19 after the company said it expects second-quarter revenue below analyst estimates.
Palantir reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 4 cents by 50 percent. The company reported quarterly sales of $446.00 million which beat the analyst consensus estimate of $443.42 million. This sales figure represents a 31% increase over sales of $341.23 million in the same period last year.
