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‘Investor Anxiety’ On Software Stocks Prevails, But This Analyst Sees Hope In A Few Stocks, With Questions Around Others — Like Palantir

On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.  Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.