Palantir Rises, Coinbase Falls, Hims & Hers Drops on Earnings Miss
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.
- Coinbase (COIN) shares fall. Coinbase Global Inc. is marketing a two-tranche $2 billion convertible bond offering with a 0% coupon due in 2029 and 2032, according to people familiar with the matter.
- Hims & Hers (HIMS) shares drop after the company reported revenue for the second quarter that missed the average analyst estimate.
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