Grab Rises, Palantir Drops, Shopify Plunges as Revenue Misses for First Time Since 2022
Dienstag, 3. November 2026 · 3 min
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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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The Stock Movers Report. Your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg data. Let's take a look at some of the individual stocks on the move today.
And we can do that with Judy LeGroux.
Reporter for Bloomberg News joining us in studio.
Judy, what are you looking at?
Good morning, Paul. I'm first looking at Grab, ticker G-R-A-B. Shares are rallying as much as 16% in trading today. And shares are on track for their largest increase in over four years. And this is coming as the Singapore-based delivery platform service beat and raised this quarter. Forecasts for revenue and adjusted EBITDA specifically fell above Wall Street estimates.
So for those who are unaware, Grab is a super app for ride-hailing, food delivery, digital payments. So imagine if Cash App, Instacart, and Uber were one app.
And when food delivery shows up at our door, you know, Paul has the same reaction as I do. Get lost.
Oh, no.
I ain't paying for this. We had an incident just a couple of days ago.
Oh.
Yes.
Oh, no.
Number four tried to sneak one in.
Uh-oh. Well, last thing about Grab, analysts are actually fans of the company's growing AI-driven initiative. with Stodex analysts calling the company's execution of these initiatives nimble despite macro pressures.
Palantir results in a slowdown of sales there. That can't be good for the AI trade.
Oh, absolutely.
Speaking of AI trade, yes, Palantir is on our radar, ticker PLTR. Shares are falling as much as 7.3% and shares are on track to reach their lowest price in seven weeks. And yes, this is coming after the company issued a quarterly outlook that pointed to a potential slowdown in sales growth. Bloomberg intelligence analysts wrote that Palantir slowdown in commercial customer growth in particular suggests rising competition from other providers. So definitely a space to watch as the market evaluates the sustainability of these companies.
All right.
One more shop thing.
That's right, Shopify, ticker SHOP. So shares are plunging as much as 13% today, and they are on track for their worst day in six months. And this is coming after third quarter sales for the Ottawa-based e-commerce platform came in below Wall Street estimates. this morning. And since this is their first miss since 2022. So in four years, subscription solutions, revenue and gross merchandise volume also came in weaker than expected. So definitely a space for us to watch with respect to the growth of Shopify this morning.
The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market-moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app.
