Apple and Palantir Shares Decline Following Earnings Reports
Apple (AAPL) shares fell approximately 3.8% following its fourth-quarter earnings report. While revenue exceeded expectations, the company missed estimates for iPad sales and issued a disappointing margin outlook. Management cited rising memory costs and the expenses associated with rolling out Siri AI as primary pressures on profitability, alongside supply constraints for Mac and iPad components. Palantir (PLTR) shares dropped nearly 8% in premarket trading despite beating third-quarter estimates and achieving record revenue of over $2 billion. The sell-off was driven by concerns regarding a slowdown in U.S. commercial total contract value (TCV) bookings growth. While U.S. commercial revenue surpassed government revenue for the first time, investors are closely monitoring whether the recent booking trends indicate a structural shift in demand.
Topics: commercial revenue earnings report revenue growth stock price movement supply chain constraints
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