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

AInvestMonday, Nov 4, 2024 5:00 pm ET
1min read
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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.