# Palantir Shares Fall 7.22%, Close 11% Below October Record By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/34001 Published: 2026-10-17T12:36:31.000Z Updated: 2026-10-17T12:36:31.000Z Section: Investing > Palantir closed at $186.03 as the Nasdaq Composite fell 4.5% for the week. The company’s third-quarter earnings event is scheduled for Nov. 2. Palantir Technologies Inc. (PLTR) shares fell 7.22% Friday, Oct. 16, closing about 11% below their record as technology stocks declined broadly ahead of the company’s Nov. 2 third-quarter earnings event. The shares lost $14.47 from the previous session to close at $186.03 at 4 p.m. ET (20:00 UTC). That was below $188.15, the level marking a 10% decline from Palantir’s Oct. 9 record close of $209.05. The Nasdaq Composite fell 2.1% Friday and 4.5% for the week, its steepest weekly decline since June. The S&P 500 lost 1.1% on Friday. Palantir’s [stock volatility and second-quarter growth]() were covered earlier this week. The company reported second-quarter revenue of $1.935 billion, up 93% from a year earlier. U.S. commercial revenue rose 149% to $764 million. Palantir forecast third-quarter revenue of $2.160 billion to $2.164 billion and full-year 2026 revenue of $8.150 billion to $8.158 billion. Its third-quarter earnings event is scheduled for Nov. 2. ## Links in this article - [stock volatility and second-quarter growth](https://www.tokenpost.com/news/investing/32831)