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Reuters

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Business & Economics

Palantir shares dive after quarterly results fail to impress investors

Reuters
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Palantir Technologies shares slumped about 7% in premarket trading on Tuesday .

The data analytics company's stock had gained 63% ahead of earnings this year .

Analysts had expected quarterly revenue of $862.8 million , according to data compiled by LSEG .

The company's total revenue grew 39% in the first quarter to $883.9 million .