Chaos has been reported at airports across the UK - as two airports have confirmed a nationwide border issue. Manchester Airport also confirmed that the UK Border System is down as part of a nationwide outage.
Shares of Twilio (TWLO) are moving to the downside in after-hours trading on Tuesday. For the first quarter, the cloud communications company reported adjusted earnings per share of $0.80, topping estimates of $0.60. Revenue of $1.05 billion was just slightly better than the $1.03 billion estimate. The second quarter revenue outlook was slightly disappointing, however. The company forecasts revenue of $1.05 billion to $1.06 billion short of the $1.08 billion estimate. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Shares of Palantir Technologies fell 15.1% on Tuesday in their biggest daily percentage drop since May 2022, a day after the data analytics company gave a revenue forecast that disappointed. Still, several brokerages raised their price targets following the report, including D.A. Davidson, which raised its target to $24 from $19. "While guidance for FY2024 was increased, it was lighter than expected," D.A. Davidson analysts wrote in their research note, adding that management had noted "they're seeing unavoidable headwinds in Europe."