GoKawiilApple and Palantir shares drop after earnings despite revenue beats
Apple posted stronger-than-expected fourth-quarter revenue but missed on iPad sales and gave a margin outlook that unsettled investors, sending shares down about 4% in premarket trading. Palantir beat Wall Street's third-quarter estimates, with U.S. commercial revenue surpassing government revenue for the first time, yet its stock fell roughly 6.5% to 6% in premarket trading.
GoKawiil's interpretation of the reporting above, not reported fact.
Apple's margin warning points to rising memory costs and component shortages as a growing drag on profitability, according to analyst Violeta Todorova, who noted the stock's 25% year-to-date gain leaves little tolerance for disappointment. Palantir's commercial revenue overtaking government revenue could signal a shift in its business mix, though the market reaction suggests investors found other aspects of its results less convincing.
- Apple's revenue beat was offset by a weak margin forecast tied to memory cost pressures.
- Palantir's U.S. commercial revenue exceeded government revenue for the first time, despite an earnings beat.
- Both stocks fell in premarket trading, with Apple down about 4% and Palantir down 6-6.5%.
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Published there as: “Apple shares slide after weak margin outlook; Palantir slumps 6% after earnings”
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