SHAREHOLDER ALERT: Pomerantz Law Firm Investigating Claims on Behalf of Investors Palantir Technologies Inc. – PLTR

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NEW YORK, May 25, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Palantir Technologies Inc. (“Palantir” or the “Company”) PLTR. Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529 ext. 7980.

The investigation focuses on whether Palantir and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On May 9, 2022, Palantir disclosed its financial results for the first quarter of 2022 (“Q1”) and issued guidance for the second quarter of 2022 (“Q2”). For the first quarter, Palantir reported adjusted earnings per share of $0.02, versus analyst estimates of $0.04 per share. For the second quarter, the company said it expected sales of $470 million, against estimates of $483.76 million, but warned that revenue could be well below estimates.

On this news, Palantir stock price fell $2.02 per share, or 21.31%, to close at $7.46 per share on May 9, 2022.

Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading law firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Company continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. To see www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]


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