Stock Movers: Palantir, Hims & Hers, ON Semi

Bloomberg

9 hours ago

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Matt Miller. - Palantir (PLTR) reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the 'astonishing impact' of artificial technology on its business. The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts' prior expectation of $3.91 billion. Denver-based Palantir has seen its stock price surge more than 500% over the past year — buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors. Shares rose in afterhours trading. - Hims & Hers (HIMS) reported revenue for the second quarter that missed the average analyst estimate. The San Francisco-based company recorded sales of $545 million for the three months ended June 30, according to a statement, below Wall Street's average estimate of $552 million. It reaffirmed its full-year revenue guidance of $2.3 billion to $2.4 billion. Shares dropped in post-market trading. - ON Semi (ON) reported adjusted earnings per share for the second quarter that matched the average analyst estimate.