Stocks to Watch: Palantir Technologies, Avis Budget, T2 Biosystems

Dow Jones2023-02-14

Sabela Ojea

 

Palantir Technologies Inc. on Monday said that it expects to end 2023 with an increase in revenue after posting a profit in its latest quarter for the first time. Shares of the software company increased 16% in after-hours trading.

 

Avis Budget Group Inc. reported that its fourth-quarter revenue increased 8% on leisure holiday travel and strength in its commercial business. Shares of the rental-car company climbed 5.1% in after-hours trading.

 

T2 Biosystems Inc. issued positive results of its U.S. clinical evaluation for the T2Biothreat Panel, a blood test that detects biothreat pathogens such as the bacterial infection melioidosis, which affects humans and animals, in between three to five hours. Shares dropped 7.1% in after-hours trading.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

February 13, 2023 18:25 ET (23:25 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1