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Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.

Palantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.

Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.