Apple and Palantir shares fall in premarket trading
· Business · CNBC
Apple and Palantir shares fell in premarket trading on Tuesday after both announced earnings after the bell on Monday. Apple reported better-than-expected fourth-quarter revenue but missed iPad sales estimates and issued a margin forecast that disappointed investors. Palantir beat Wall Street's third-quarter estimates with U.S. commercial revenue topping government for the first time. Apple was down 4.4% and Palantir down 6% in premarket trading, while Apple's stock had risen 25% year-to-date.
Why it matters
Investors in Apple and Palantir face reduced confidence due to supply chain pressures and margin concerns, potentially affecting their market valuations and investor sentiment in the near term.
Read the original report — CNBC
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