Wayfair Surges, Palantir Jumps, Spotify Dips as MAU, Operating Income Forecast Miss

On this episode of Stock Movers:
-Wayfair (W) shares jump after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter, and sees adjusted Ebitda margin of 6% to 7%. Short interest is 14% of float, according to data from S3 Partners.
-Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” 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.
-Spotify (SPOT) shares fall as much as 5% after its third-quarter monthly active users and operating income forecasts missed the average analyst estimate.

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