| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 608.4MM | +9% |
| Gross Profit | 499.7MM | +11% |
| Cost Of Revenue | 108.6MM | +1% |
| Operating Income | 65.8MM | +65% |
| Operating Expenses | 433.9MM | +6% |
| Net Income | 93.4MM | +31% |
| R&D | 109.3MM | +3% |
| G&A | 127.3MM | -1% |
| Marketing | 197.4MM | +12% |
| Interest Expense | 136K | -82% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year. The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March.
Shares of Palantir Technologies fell 15.1% on Tuesday in their biggest daily percentage drop since May 2022, a day after the data analytics company gave a revenue forecast that disappointed. Still, several brokerages raised their price targets following the report, including D.A. Davidson, which raised its target to $24 from $19. "While guidance for FY2024 was increased, it was lighter than expected," D.A. Davidson analysts wrote in their research note, adding that management had noted "they'r...
Stocks acted weak as the major indexes showed only slight gains in the stock market today. Disney stock was the biggest loser on the Dow.
Palantir reported Q1 earnings that climbed 60% while the software maker's revenue guidance came in slightly above expectations.
The S&P 500 and Dow Jones Industrial Average both clung onto gains to close higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year. The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March. For the Dow , it is now on its longest positive run since December 2023, gaining for the fifth session in a row.
The company delivered blockbuster results, so why is the stock price plunging?
Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies. Traders largely disregarded the latest hawkish comments from Minneapolis Fed President Neel Kashkari, who noted progress on inflation seen in the latter half of 2023 had stalled and mentioned the Federal Reserve might raise rates if inflation becomes persistent. Kashkari also revealed he initially predicted tw
Software and data analytics company Palantir Technologies (NYSE:PLTR) reported first-quarter financial results after market close Monday. Analysts size up the first-quarter earnings beat and what's next for the company. The Palantir Analysts: Goldman Sachs analyst Gabriela Borges has a Neutral rating and raised the price target from $13 to $14. Mizuho analyst Gregg Moskowitz has a Neutral rating and $21 price target. Related Link: Palantir Stock Is Falling Tuesday: What’s Going On? Goldman Sachs
**Walt Disney (DIS)**: The entertainment company added streaming customers, but swung to a loss as a result of a charge from an India media venture. Disney raised its full-year guidance. Nonetheless, its shares fell more than 9%.
Palantir posts better-than-expected first-quarter earnings, Walt Disney beats quarterly earnings estimates but the stock slumps, and Peloton surges on a report that private-equity firms have been considering a buyout of the at-home fitness company.