$Palantir Technologies Inc.(PLTR)$ up roughly 9.3%. Meanwhile, the S&P 500 index, Nasdaq Composite, and Dow Jones Industrial Average ended the day's session up approximately 5.5%, 7.4%, and 3.7%, respectively.
Palantir (PLTR 9.46%) reported third-quarter earnings results that displeased investors. The company's revenue growth is slowing as businesses reduce expenses.
Palantir to generate about $1.4 billion in revenue in the first three quarters of 2022. This is a 26% increase compared to the same period in 2021.
Free cash flow of $127 million over the first nine months of 2022, falling from $320 million in the same period one year ago.
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