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Palantir down despite $2B
Palantir shares fell after it reported third-quarter results, even though revenue nearly doubled and topped $2 billion for the first time, and U.S. commercial revenue exceeded government revenue. Analysts attributed the decline to concerns about slowing contract growth: the value of new U.S. commercial contracts reached $1.5 billion, up 11% year over year, compared with a record $2.1 billion in the second quarter, up 153%.
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