Grab Rises, Palantir Drops, Shopify Plunges as Revenue Misses for First Time Since 2022

On this episode of Stock Movers:

- Grab (GRAB) shares rise. Grab Holdings Ltd. raised its full-year revenue and profit forecasts after quarterly earnings beat estimates, signaling confidence that rising ride-hailing and food-delivery demand will offset regulatory hurdles.

- Palantir (PLTR) shares drop. Palantir Technologies Inc. issued a quarterly outlook that pointed to a potential slowdown in sales growth, with revenue expected to be roughly $2.65 billion in the three months ended Dec. 31.

- Shopify (SHOP) shares sank after its quarterly revenue missed analysts’ expectations for the first time in four years. That’s the first revenue miss since the second quarter of 2022. Weaker-than-expected subscription solutions revenue weighed on results as merchant solutions, its largest unit, was roughly in line. Gross merchandise volume also trailed expectations.

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