Palantir’s Miss on US Commercial Sales Outshadows Higher Outlook

Palantir Technologies Inc. reported disappointing US commercial sales in the first quarter, outshadowing what was an otherwise bullish outlook for the polarizing company at the nexus of debates over surveillance and artificial intelligence-enabled warfare.

US commercial sales totaled $595 million in the three months ended March 31, falling well below analysts’ expectations. The company’s shares slid 5.2% to $138.39 at 10:04 a.m. in New York on Tuesday. The shares have fallen more than 20% this year.