Earnings Surpasses, New Ventures, and Product Launches: Key Updates from Palantir, Block, Vertiv, Nike, and Sony

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Inc. reported third-quarter revenue of $725.5 million, surpassing analyst expectations of $703.7 million. The company raised its full-year revenue guidance. It will announce its third-quarter financial results for fiscal 2024 after the market closes on November 4.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block is partnering with Lyft to offer Cash App Pay for ride payments. RBC Capital reiterated its outperform rating on Block with a target price of $88. Citigroup added Block to its 30-day negative catalyst watchlist due to risks in its 2025 guidance.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 53.25% increase in net profits for the first three quarters of FY2024, with revenues reaching $56.65 billion. Multiple analysts maintain a buy rating on Vertiv Holdings, setting price targets between $115.00 and $140.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 28% drop in net profit and a 10% decrease in global revenue for Q1 2025. Greater China revenue fell 3%. The company is undergoing management changes to address these challenges. Additionally, Nike faces product quality complaints from customers purchasing via Li Jiaqi's livestream.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled the PS5 Pro, which supports 8K resolution and includes a GPU with 16.7 TFLOPS and an additional 2GB DDR5 memory. The global release is set for November 7th. Additionally, Sony has acquired KinaTrax to explore biomechanics and athlete performance.