Palantir Rises, Caterpillar Falls, Hims & Hers Drops on Earnings, Vertex Plunges on Drug Results
On this episode of Stock Movers:
- Palantir (PLTR) shares rise after the company reported a 48% increase in revenue, citing the “astonishing impact” of AI. US government revenue climbed 53% while revenue from commercial contracts rose 93% for the year.
- Caterpillar (CAT) shares fall after the company missed on EPS results as tariffs are biting into profitability. The company projected a net impact from incremental tariffs of around $1.3 billion to $1.5 billion for the full year. - Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.
- Vertex (VRTX) shares plunge after its' experimental pain drug failed to benefit patients after surgery. US regulators said they didn’t see a path forward for broad use of its pill in treating a type of chronic pain.
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