Palantir Technologies (PLTR) - Palantir reported Q3 revenue of $1.18 billion, a 63% year-over-year increase, driven by a 77% surge in U.S. revenue, with U.S. commercial revenue growing by 121% and U.S. government revenue by 52% [3][4] - The company closed 204 deals worth over $1 million, totaling $2.76 billion in contract value, and increased its customer count by 45% year-over-year [4] - Palantir raised its Q4 revenue guidance and lifted its full-year revenue outlook, along with higher forecasts for operating profit and free cash flow [4] Denny's (DENN) - Denny's will be taken private in a deal valued at approximately $620 million, including debt, with shareholders receiving $6.25 per share, representing a 52% premium to the closing stock price [5] - The acquisition is led by TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises, one of Denny's largest franchisees [5] Starbucks (SBUX) - Starbucks has agreed to sell a majority stake in its China business to Boyu Capital for an enterprise value of $4 billion, with Boyu Capital set to operate the retail business in China [6] - Under the agreement, Boyu will hold up to a 60% stake, while Starbucks retains the remaining interest, expecting the total value of its China retail business to exceed $13 billion [6]
Wall Street Breakfast Podcast: Palantir’s Big Gains, Big Drop