Shares of Palantir Technologies Inc. PLTR, -6.32% were sinking 12% in premarket trading Monday after the software company fell short of expectations with its latest earnings and outlook. The company reported a first-quarter net loss of $101.4 million, or 5 cents a share, down from $123.5 million, or 7 cents a share, in the year-prior quarter.
Palantir stock sinks after outlook falls short, though company sees 'wide range of potential upside'