Check out the companies making headlines in extended trading: Palantir Technologies – Shares fell nearly 5% after the company issued lighter-than-expected full-year revenue guidance. First-quarter adjusted earnings were in line with expectations at 8 cents per share per LSEG. Meanwhile, quarterly revenue of $634 million beat expectations of $625 million. Lucid Group – The electric car maker fell 7.5% after first-quarter results. Despite generating slight revenue, according to LSEG, the company reported a loss of 30 cents per share, based on generally accepted accounting principles. Lucid also reiterated its 2024 production guidance of approximately 9,000 vehicles. Hims & Hers Health – The telehealth consulting platform jumped 10% after second-quarter revenue guidance beat analyst estimates. Hims & Hers expects revenue between $292 million and $297 million, compared to analysts' expectations of $288 million, per LSEG. The first quarter results also came in ahead of Street estimates. Simon Property Group – The shopping mall company advanced 1.4% after announcing a quarterly revenue win. Simon Property Group reported revenue of $1.30 billion, slightly above estimates of $1.29 billion, according to analysts surveyed by LSEG. Microchip Technology – Stock fell 4% after current quarter revenue guidance came in below analyst estimates. Microchip said it expects first-quarter revenue to be between $1.22 billion and $1.26 billion, compared to the Street's estimate of $1.34 billion, per LSEG. Management expects adjusted earnings to range between 48 cents and 56 cents per share, which is also below analysts' expectations of 59 cents per share. Meanwhile, the company's fourth-quarter financial results were in line with Street expectations on both the top and bottom lines. Vertex Pharmaceuticals – Shares rose less than 1%. Vertex reported first-quarter adjusted earnings of $4.76 per share on revenue of $2.69 billion. Analysts expected earnings of $4.06 per share and revenue of $2.58 billion, per LSEG. Flavors & Fragrances International – The consumer products maker's stock jumped 3.7% after first-quarter revenue beat expectations. International Flavors & Fragrances reported revenue of $2.9 billion, while analysts surveyed by LSEG expected revenue of $2.78 billion. The company also said full-year sales; Adjusted operating earnings before interest, taxes, depreciation and amortization; Volume should come in near the upper end of the previously shared guidance ranges. — CNBC's Scott Schnepper, Alex Haring and Darla Mercado contributed reporting.
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Stocks making the biggest moves after hours: PLTR, LCID, MCHP
