On this episode of Stock Movers:

- Palantir Technologies (PLTR) raised revenue and income forecasts for the full year after posting second-quarter sales that far exceeded Wall Street’s estimates, describing commercial demand as “otherworldly.” Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations and projects as much as $8.16 billion in sales for the full year. Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were “staggering,” rising 149% from a year earlier to $764 million.

- On Semiconducter's (ON) shares rose after it beat analysts' expectations for earnings and revenue in its second fiscal quarter. The company reported $1.604 billion in revenue and earnings of 74 cents a share, and raised guidance on revenue from sales to artificial intelligence data centers

- Snap (SNAP) posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period. Revenue jumped 19% to $1.6 billion for the quarter ended June 30, beating analysts’ average estimate of $1.54 billion. Snap projected third-quarter sales of as much as $1.74 billion, topping projections for $1.70 billion, according to data compiled by Bloomberg.

On this episode of Stock Movers:
- Palantir Technologies (PLTR) raised revenue and income forecasts for the full year after posting second-quarter sales that far exceeded Wall Street&rsquo;s estimates, describing commercial demand as &ldquo;otherworldly.&rdquo; Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations and projects as much as $8.16 billion in sales for the full year. Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were &ldquo;staggering,&rdquo; rising 149% from a year earlier to $764 million.
- On Semiconducter's (ON) shares rose after it beat analysts' expectations for earnings and revenue in its second fiscal quarter. The company reported $1.604 billion in revenue and earnings of 74 cents a share, and raised guidance on revenue from sales to artificial intelligence data centers
- Snap (SNAP) posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period. Revenue jumped 19% to $1.6 billion for the quarter ended June 30, beating analysts&rsquo; average estimate of $1.54 billion. Snap projected third-quarter sales of as much as $1.74 billion, topping projections for $1.70 billion, according to data compiled by Bloomberg.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Palantir Lifts, On Semiconductor Mixed, Snap Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3842cbfa-e54d-41a2-8d4a-b49b016081df/transcript