Breakfast News: PLTR Victim Of Own Success
Palantir beats forecasts but stock set to fall, Ford removes guidance, India looks for trade deal, and more...
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Palantir Technologies (NASDAQ: PLTR) fell by as much as 9% after the market closed despite posting Q1 revenue ahead of forecasts and raising full-year guidance. With a sky-high valuation and a price-to-earnings ratio above 500, the lofty expectations caused the stock to fall rather than any particularly worrying revelations.
Ford (NYSE: F) dropped a little over 2% after the closing bell as it suspended full-year financial guidance, flagging a potential $2.5 billion hit from the tariff uncertainty. It expects U.S. industry sales to fall by 500,000 units to 15.5 million for the year ahead.
