Palantir Technologies shares fell more than 20% after the company forecast that its sales growth is slowing as its government business drags down growth.
The data-mining company on Monday projected sales of $470 million in the current quarter, up 25% from a year earlier. That would be the slowest growth rate since the company made its public market debut in 2020. Analysts had projected sales of $484 million, according to FactSet.
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This post first appeared on wsj.com
