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Palantir’s Earnings and Outlook Fall Short of Estimates. The Stock Is Tanking.

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Palantir Technologies posted soft first-quarter results, along with June quarter guidance that fell shy of previous Wall Street forecasts.

Global economic and geopolitical forces appeared to be weighing on the company’s near-term outlook, although Palantir’s long-established ties to U.S. government defense and intelligence agencies could be an advantage in a world rife with geopolitical conflict.

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