RTTNews | Nov 9, 2021 10:44AM EST

10:43 Tuesday, November 9, 2021 (RTTNews.com) - Shares of American data analytics firm Palantir Technologies Inc. (PLTR) are down 9 percent on Tuesday's trading after the company posted net loss in the third quarter.

During the three-month period, the company posted net loss of $102.1 million or $0.05 per share.

Excluding items, income was $82.1 million or $0.04 per share in the third quarter, while analysts were looking for earnings of $0.04 per share in the quarter.

Revenues rose to $392.1 million, up 36 percent from last year while analysts were looking for revenues of $385.0 million for the quarter.

Currently at $24.10, the stock has traded between $13.18 and $45.00 during the past 52 weeks.

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