Cramer Questions Tech Selling as Palantir Shares Fall Nearly 8%
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Palantir Technologies Inc. (PLTR) shares fell nearly 8% in Tuesday premarket trading after its third-quarter report, despite 96% revenue growth and a higher full-year forecast. Television host Jim Cramer questioned selling in Palantir, Apple and Marvell in a post on Monday, Nov. 2. “The negativity when it comes to Marvell, Apple, Palantir is pretty thick… No matter what they say, it isn’t enough…” Cramer wrote. Palantir reported $2.31 billion in third-quarter revenue, up 96% from a year earlier. Adjusted earnings were 44 cents per share, above analysts’ 41-cent estimate. The company raised its full-year revenue forecast to about $8.53 billion.
Source: TokenPost
