Palantir jumps 10% after hours as PLTR, On Semi and Snap post Q2 beats
AI Market Summary
After-hours earnings were broadly supportive for risk: Palantir, On Semiconductor, and Snap all beat key Q2 expectations, with Palantir driven by a near 150% jump in U.S. commercial revenue and ON reporting better-than-expected margins. Snap's revenue and user metrics also exceeded estimates. Offsetting the positive tone, Whirlpool missed and cut full-year guidance, weighing on its shares.
Impact level
● Medium
Affected assets
NCSKPLTR2USD/USDT+15.33%
AI Insight · NCSKPLTR2USD/USDTAI Insight
▲ Bullish
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Palantir, On Semiconductor and Snap reported 2024 second-quarter results that topped key expectations. Palantir’s U.S. commercial revenue rose nearly 150% year over year, sending the stock up 10% after hours. On Semi posted adjusted EPS of 74 cents on revenue of $1.6 billion, and Snap reported $1.6 billion in revenue versus a $1.54 billion estimate. Whirlpool fell 3% after posting a larger-than-expected Q2 loss.
