'Buzz'-ing: Big day for downtown; big update on Big League Dreams
Happy Friday! Market Center's first retail store welcomes customers, and an update on the Big League Dreams sports park.
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You won't believe the amount of money that the bottler intends to return to shareholders.
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Prepare yourself for a big shock.
Motley FoolPalantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down more than 14% to $21.56 in midday trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
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After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are 7.5% better than the estimates, a beat that’s well above the 6.7% decadal average. Scott Chronert, a U.S. equity strategist at Citigroup, comments on the broader
TipRanks3M Cut Its Dividend: It's Time to Buy the Stock
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