Take a look at the companies making headlines before the bell: Walt Disney. Shares of the media giant fell more than 4% even after the Walt Disney Company reported better-than-expected fiscal second-quarter earnings, helped by narrowing losses from streaming services. Hims & Hers Health — Shares rose 14% after the telehealth consultation platform posted second-quarter revenue guidance that beat estimates. Hims & Hers Health expects revenue of $292 million to $297 million, better than the LSEG consensus estimate of $288 million. First quarter results also exceeded expectations. Gap — Shares rose 3.2% after Citi upgraded the apparel retailer to neutral and raised its price target, saying Gap could beat first-quarter earnings expectations. Target: The retailer’s shares rose 1.6% after two bullish calls on Wall Street. Citi upgraded the stock to neutral, calling it one of the sector’s outperformers. UBS, which also has a buy rating, said its upcoming first-quarter earnings report should be a positive catalyst for the stock and confirm its bullish case. Palantir Technologies — Shares fell 11% after the defense technology company posted weaker-than-expected guidance. Palantir expects full-year revenue to be between $2.68 billion and $2.69 billion, below the $2.71 billion expected by analysts polled by LSEG. The company forecast current-quarter revenue of $649 million to $653 million, compared with the LSEG consensus estimate of $653 million. Lucid Group – Shares of the electric vehicle maker fell 8% after reporting its latest results. Lucid reported a loss of 30 cents per share based on generally accepted accounting principles and reiterated its 2024 production guidance of about 9,000 vehicles. Revenue was $173 million, beating estimates of $157 million. Rocket Lab USA – Shares fell 3% after the company’s first-quarter revenue fell short of expectations. The aerospace maker reported revenue of $92.8 million in the first quarter, below StreetAccount’s consensus estimate of $95 million. A loss of 9 cents per share was in line with estimates. Simon Property Group – Shares rose 0.7% after Simon Property Group reported first-quarter revenue that beat expectations. The shopping center operator posted revenue of $1.30 billion, more than the $1.29 billion expected by analysts polled by LSEG. Microchip Technology – Shares fell 2% after the company issued weaker-than-expected guidance for the current quarter. . Microship said it expected earnings per share of 48 cents to 56 cents on revenue of $1.22 billion to $1.26 billion. Analysts were expecting earnings of 59 cents per share on revenue of $1.34 billion, according to LSEG. Earnings for the fiscal fourth quarter were in line with analysts’ expectations. — CNBC’s Michelle Fox, Alex Harring and Tanaya Machil contributed reporting.
