🔴 Palantir Technologies is trading 10% down on slowing contract value growth despite earnings beat

Palantir Technologies is trading at €148.48, down 10.14%, as slowing contract bookings overshadowed its Q3 results.

• Q3 revenue and adjusted earnings beat expectations, and the company raised its full-year outlook.
• Total contract value grew 6% year over year; U.S. commercial contract value grew 11%, sharply below the prior quarter’s pace.
• Analysts also cited high valuation expectations, with investors focused on whether new deals can sustain future growth.