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Palantir Slides, Uber Misses, Yum! Rises on Beat
Description
On this episode of Stock Movers:
- Palantir Technologies (PLTR) shares fall, taking a breather after rallying more than 170% this year. The data-analysis software company raised its full-year forecast and reported third-quarter results that beat expectations. While analysts are broadly positive on the report, they flag concerns over the stock’s premium valuation.
- Uber Technologies (UBER) posted its strongest quarterly growth since late 2023 as customers ordered more rides and deliveries than expected, a sign the company’s efforts to offer a wider range of services in more geographies are bearing fruit.
- Yum! Brands (YUM) shares are up after the owner of the KFC and Taco Bell chains reported adjusted earnings per share for the third quarter that beat the average analyst estimate. The company also initiated a strategic review for its struggling Pizza Hut chain.
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