Market movers: Stocks seeing action on Tuesday

) beat Wall Street estimates for second-quarter revenue and core profit on Tuesday, helped by steady demand for its ride-sharing and food-delivery services, sending the company’s shares up.

Its AI platform, used to test, debug code and evaluate AI-related scenarios, has enabled Palantir to tap into surging demand for services that help companies develop GenAI technology. Chief Revenue Officer Ryan Taylor told Reuters Palantir was driving growth by helping companies overcome “the huge bottleneck” between AI application prototypes and finished products deployed to customers.The U.S. commercial business, which grew 55 per cent to US$159-million, was the highlight for the quarter, D.A. Davidson managing director Gil Luria said.

Shares of the company, known for its ubiquitous yellow excavators, opened lower after forecasting full-year adjusted operating profit to be higher than it had previously anticipated. Peer Deere was down after it reported a first-quarter profit of $12.5-million, up from $4.0 million a year ago as its sales increased 23.7 per cent.

The company’s second-quarter net sales fell 0.4 per cent to US$3.25-billion, compared to analysts’ expectations of US$3.18-billion, according to LSEG estimates.The company continues to expect full-year 2024 net sales to rise in the low single-digit percentage range and underlying profit to grow in the mid-single-digit percentage range.

Still, fresh menu items such as the Cantina Chicken and the popular Taco Tuesday promotional event helped drive growth in comparable sales at Yum’s key Taco Bell division to 5 per cent, ahead of expectations of 3.6 per cent, according to LSEG data. “I’m incredibly pleased with how well our teams have managed through a challenging operating environment to deliver a 10% increase in core operating profit,” said CEO David Gibbs.) said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria rather than Chapter 7 , in effect it is a liquidation of SunPower,” said Raymond James analyst Pavel Molchanov.

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