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Drops 3% Despite Earnings Beat, $160 Support at Risk

Drops 3% Despite Earnings Beat, $160 Support at Risk

TradingKey – Palantir (PLTR) Stellar Earnings Fail to Prevent Profit-Taking on High Valuations as Stock Drops 3%, Technicals Focus on Defense of $160 Level

On November 3 Eastern Time, following the release of its Q3 FY2026 earnings report, despite Palantir (PLTR)’s revenue and earnings per share (EPS) beating Wall Street expectations again and raising its full-year guidance, the stock suffered a “sell the news” sell-off, falling over 3% in overnight trading and sparking intense market debate over whether it will retest the key $160 defense line.

According to the latest financial report, Palantir’s core financial metrics far exceeded Wall Street expectations, as detailed below:

Financial Metrics

Official Data (Q3)

Wall Street Estimates

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