Check out the companies making headlines in extended trading: Palantir Technologies — Shares declined nearly 5% after the company issued lighter-than-expected guidance for full-year revenue. First-quarter adjusted earnings were in line with expectations at 8 cents per share, per LSEG. Meanwhile, quarterly revenue of $634 million topped forecasts of $625 million. Lucid Group — The electric vehicle maker tumbled 7.5% following its first-quarter results. Despite posting a slight revenue beat, per LSEG, the company posted a loss of 30 cents per share, based on generally accepted accounting principles. Lucid also reaffirmed its 2024 production guidance of about 9,000 vehicles. Hims & Hers Health — The telehealth consultation platform jumped 10% postmarket after revenue guidance for the second quarter surpassed analysts’ estimates. Hims & Hers sees revenue ranging between $292 million and $297 million, compared to analysts’ forecasts for $288 million, per LSEG. First-quarter results also came in ahead of Street estimates. Simon Property Group — The shopping mall company advanced 1.4% after reporting a quarterly revenue beat. Simon Property Group posted $1.30 billion in revenue, slightly above estimates for $1.29 billion, according to analysts polled by LSEG. Microchip Technology — The stock fell 4% after its current-quarter revenue guidance came below analysts’ estimates. Microchip said it sees first-quarter revenue between $1.22 billion and $1.26 billion, compare …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in extended trading: Palantir Technologies — Shares declined nearly 5% after the company issued lighter-than-expected guidance for full-year revenue. First-quarter adjusted earnings were in line with expectations at 8 cents per share, per LSEG. Meanwhile, quarterly revenue of $634 million topped forecasts of $625 million. Lucid Group — The electric vehicle maker tumbled 7.5% following its first-quarter results. Despite posting a slight revenue beat, per LSEG, the company posted a loss of 30 cents per share, based on generally accepted accounting principles. Lucid also reaffirmed its 2024 production guidance of about 9,000 vehicles. Hims & Hers Health — The telehealth consultation platform jumped 10% postmarket after revenue guidance for the second quarter surpassed analysts’ estimates. Hims & Hers sees revenue ranging between $292 million and $297 million, compared to analysts’ forecasts for $288 million, per LSEG. First-quarter results also came in ahead of Street estimates. Simon Property Group — The shopping mall company advanced 1.4% after reporting a quarterly revenue beat. Simon Property Group posted $1.30 billion in revenue, slightly above estimates for $1.29 billion, according to analysts polled by LSEG. Microchip Technology — The stock fell 4% after its current-quarter revenue guidance came below analysts’ estimates. Microchip said it sees first-quarter revenue between $1.22 billion and $1.26 billion, compare …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
