Palantir Technologies shares fell greater than 20% after the corporate forecast that its gross sales development is slowing as its authorities enterprise drags down development.
The data-mining firm on Monday projected gross sales of $470 million within the present quarter, up 25% from a 12 months earlier. That could be the slowest development fee because the firm made its public market debut in 2020. Analysts had projected gross sales of $484 million, in response to FactSet.
