Palantia falls over 9% in the previous market Second quarter earnings guidance is slightly weaker than expected

Palantia's sales for the first quarter of the fiscal year were 634 million dollars, compared to analysts' expectations of 615.8 million dollars. Palantia raised its annual sales forecast slightly from 2.68 billion dollars to 2.69 billion dollars, and from the analysts' average forecast of 2.68 billion dollars. The company also raised its adjusted annual operating profit forecast from $888 million to $880 million (analyst average forecast was $8466 million). Sales for the second quarter are expected to be 649 million dollars to 653 million dollars compared to analysts' expectations of 653 million dollars, and adjusted operating income is forecast from 209 million dollars to 213 million dollars.