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Palantir Jumps; Spotify Dip; SpaceX Reports
Description
On this episode of Stock Movers:
- Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations this year and as much as $8.16 billion in sales, with US commercial sales in the second quarter rising 149% from a year earlier to $764 million.
- Snap (SNAP) shares are moving after it posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period, signaling optimism ahead of the September commercial debut of its first pair of augmented reality glasses.
- Spotify (SPOT) shares fell after its third-quarter monthly active users and operating income forecasts missed the average analyst estimate.
- SpaceX (SPCX) shares are moving ahead of its first earnings report as a public company today.Eric Mollo
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