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Palantir shares jump as company registers profit surprise while PayPal stock slumps

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Here are some of the biggest movers of the day:

Palantir Technologies Inc.’s stock PLTR rocketed 19% in premarket trade Tuesday after the software company surprised investors with its second-ever quarterly GAAP profit since coming public.Palantir Technologies Inc.’s stock PLTR rocketed 19% in premarket trade Tuesday after the software company surprised investors with its second-ever quarterly GAAP profit since coming public.

Shares of Harmonic Inc. HLIT jumped more than 10% in the extended session Monday after the maker of fiber-optic and other telecommunications systems topped Wall Street expectations for its quarterly earnings, thanks to “strong demand” for its products. Premier Inc. PINC shares rose 7% in after-hours trading after announcing that the board is considering strategic alternatives, including a potential sale.Shares of Lucid Group Inc. LCID shed 9% in the premarket fter the electric-vehicle startup reported steeper quarterly losses and tweaked its guidance for the year.

Skyworks Solutions Inc. SWKS shares fell 10% after the analog and mixed-signal chip maker’s outlook fell short of Wall Street expectations.

 

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