Palantir climbs 9% in volatile trading after mixed 1st-quarter earnings report

Palantir climbs 9% in volatile trading after mixed 1st-quarter earnings report

snapped a 10-day losing streak on Tuesday, climbing as much as 9%, after the company reported mixed first-quarter earnings. The reported a loss of 7 cents a share, which was deeper than the consensus estimate of 3 cents. However, revenue of $341.2 million for the quarter exceeded Wall Street's $332.5 million forecast. Heading into Tuesday, Palantir shares had plunged 23% over a 10-day period . But not all investors are straying from the stock. Cathie Wood's Ark Innovation ETF scooped up over 1 million shares of Palantir on Monday, while her Ark Next Generation Innovation ETF bought 294,177 shares, fund filings show. Further, on the company's Tuesday earnings call, chief financial officer David Glazar said Palantir would consider putting bitcoin on its balance sheet, and he said they accept bitcoin as payment.