Palantir stock falls nearly 8% on valuation fears after results top Wall Street estimates

Palantir (PLTR) stock fell 7.95% on Tuesday as the company reported a strong quarter that left some investors with questions over the company's lofty valuation. Palantir's fourth quarter guidance came in above Wall Street's expectations late Monday, defying fears some analysts had over the impact from the ongoing US government shutdown. Palantir said it foresees revenue of just over $1.3 billion for the fourth quarter, ahead of the $1.2 billion projected by Wall Street analysts tracked by Bloomberg. The ...