![Walt Disney, Hims & Hers, Palantir and more Walt Disney, Hims & Hers, Palantir and more](https://goodwordnews.com/wp-content/uploads/2024/05/107411142-17150255702020-03-13t000000z_1920474254_rc2bjf9s7cur_rtrmadp_0_health-coronavirus-disney.jpeg)
Check out the companies making headlines before the bell: Walt Disney – The media giant slipped more than 4% even after Walt Disney Company reported better-than-expected second-quarter financial results, boosted by the discount streaming losses. Hims & Hers Health — The stock jumped 14% after the telehealth consultation platform issued second-quarter revenue guidance that beat estimates. Hims & Hers Health projects revenue between $292 million and $297 million, better than the LSEG consensus estimate of $288 million. First quarter results also exceeded expectations. Gap — Shares gained 3.2% after Citi upgraded the clothing retailer to neutral from buy and raised its price target, saying Gap could beat expectations for first-quarter earnings. Target — The retailer jumped 1.6% following two upbeat calls on Wall Street. Citi upgraded the stock to buy from neutral, calling it one of the sector’s winners. UBS, which also has a buy rating, said the upcoming first-quarter earnings report should be a positive catalyst for stocks and validate the bullish scenario. Palantir Technologies — Shares fell 11% after the defense technology company issued weaker-than-expected guidance. Palantir expects annual revenue of between $2.68 billion and $2.69 billion, lower than the $2.71 billion expected by analysts surveyed by LSEG. It forecasts revenue between $649 million and $653 million for the current quarter, compared to $653 million estimated by the LSEG consensus. Lucid Group — The electric vehicle maker fell 8% after releasing its latest results. Lucid reported a loss of 30 cents per share, based on generally accepted accounting principles, and reaffirmed its 2024 production guidance of about 9,000 vehicles. Revenue came in at $173 million, beating the estimate of $157 million. Rocket Lab USA — Shares fell 3% after the company’s first-quarter revenue missed expectations. In the first quarter, the aerospace maker reported revenue of $92.8 million, below StreetAccount’s consensus estimate of $95 million. The 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 mall operator reported revenue of $1.30 billion, more than the $1.29 billion expected by analysts surveyed by LSEG. Microchip Technology — Shares fell 2% after the company issued weaker-than-expected guidance for the current quarter. Microship said it expects earnings per share of between 48 and 56 cents on revenue of between $1.22 billion and $1.26 billion. Analysts had expected a profit of 59 cents per share on revenue of $1.34 billion, according to LSEG. The bottom line and bottom line for the fiscal fourth quarter were in line with analysts’ expectations. — CNBC’s Michelle Fox, Alex Harring and Tanaya Macheel contributed reporting
News Source : www.cnbc.com
Gn bussni