Palantir stock plunges, extending 4-day drop on reported Pentagon budget cuts
Palantir stock extended its slide over ongoing concerns of potential Pentagon budget cuts impacting the software company's revenue.
Palantir stock extended its slide over ongoing concerns of potential Pentagon budget cuts impacting the software company's revenue.
Online insurance comparison site EverQuote (NASDAQ:EVER) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 165% year on year to $147.5 million. On top of that, next quarter’s revenue guidance ($157.5 million at the midpoint) was surprisingly good and 14.3% above what analysts were expecting. Its GAAP profit of $0.33 per share was 67.9% above analysts’ consensus estimates.
Shares of database as a service company Couchbase (NASDAQ: BASE) fell 6.9% in the afternoon session after markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.
(Bloomberg) -- More than a dozen companies are selling just over $20 billion of investment-grade bonds Monday, after yields have fallen over the last week and demand for corporate debt has remained strong.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors Discover Ghent, th
Investors are still optimistic that Trump's moves later this year will offset the negative impacts of tariffs and Elon Musk's chainsaw.
Shares of Walgreens Boots Alliance jumped Monday afternoon as investor optimism about the possibility of a deal lifted the drugstore chain's shares.
Live Nation Entertainment was one of the biggest gainers in the S&P 500 on Monday after Bank of America analysts lifted their price target for the entertainment stock.
Stock futures were higher in premarket trading on Monday after the S&P 500 suffered its biggest drop of the year on Friday.
Analysts urged investors to "aggressively" buy shares of the retailer, projecting that they could add more than 40% in value.
Shares of education company Lincoln Educational (NASDAQ:LINC) jumped 12.6% in the afternoon session after the company reported impressive fourth-quarter results, with revenue and adjusted EBITDA surpassing analysts' expectations, while EPS came in below forecasts. Sales grew 16.4% year on year, driven by a 13.7% increase in student enrollment and tuition hikes, alongside contributions from the newly opened East Point, Georgia campus. Looking ahead, the company provided bullish full-year guidan