Palantir forecast cut, surprise loss send shares down 15%

(Reuters) -Palantir Technologies Inc lowered its annual revenue forecast to below market estimates after the data analytics software company reported a surprise loss on Monday, sending its shares down 15% in trading before the bell. The company had to temper its revenue forecast as the timing of some large government contracts remained uncertain, Palantir Chief Financial Officer David Glazer said. "The size of these contracts, coupled with government procurement, is what makes it so unpredictable."
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