PREMARKET MOVES | Palantir Drops 8% Despite Earnings Beat; Apple Falls 4% on Margin Forecast; Revvity Gains 7%

According to CNBC, Palantir Technologies shares fell nearly 8% in premarket trading despite third-quarter earnings topping Wall Street's estimates. The company's U.S. commercial revenue surged 148% to $984 million, exceeding U.S. government revenue of $953 million. Palantir also projected approximately $2.65 billion in fourth-quarter revenue and $8.53 billion for full-year 2026. Apple shares declined nearly 4% after the tech giant issued a disappointing margin forecast and iPad sales missed Street estimates in the fiscal fourth quarter. Revvity shares rose 7% after the life sciences company raised its full-year pro forma adjusted earnings per share guidance to $5.40-$5.45 from a prior range of $5.30-$5.40. Zebra Technologies fell over 6% even after reporting better-than-expected third-quarter results, posting earnings of $4.95 per share on revenue of $1.61 billion. Free cash flow guidance of at least $1 billion for the year was marginally below a $1.02 billion estimate. Gartner shares slid more than 6% despite third-quarter results beating expectations and the company issuing better-than-expected full-year earnings and revenue guidance. Pfizer traded near the flatline after reporting third-quarter earnings of 87 cents per share, excluding certain items, on revenue of $16.58 billion, surpassing analyst estimates of 73 cents per share on $15.87 billion. Yum Brands gained about 1% after third-quarter adjusted earnings of $1.56 per share exceeded expectations of $1.49. Revenue of $2.05 billion was in line with consensus. The company said Taco Bell has rebounded following the cyclospora outbreak linked to iceberg lettuce.