$Palantir Technologies Inc.(PLTR)$Palantirblamed the earnings misson a decline in investments and marketable securities. In terms of revenue, Palantir reported $473 million for the quarter. This was slightly better than the $471.3 million expected by analysts who cover the company. Overall, revenue was up 26% from a year earlier, helped by a 46% increase in the company’s commercial revenue.

Palantir, which markets itself as a software company, said its number of private sector and commercial customers grew 250% from a year earlier, rising to 119 from 34 in the same period of 2021.Looking ahead, the company said it expects to report revenue between $474 million and $475 million for the current third quarter, and between $1.9 billion and $1.902 billion for all of this year.