Take a look at the companies making headlines in extended trading: Palantir Technologies — Shares fell nearly 5% after the company posted weaker-than-expected full-year revenue guidance. Adjusted earnings for the first quarter were in line with expectations at 8 cents per share at LSEG. Meanwhile, quarterly revenue of $634 million beat estimates of $625 million. Lucid Group – Shares of the electric vehicle maker fell 7.5% in the first quarter. Despite the slight increase in revenue, the company reported a loss of 30 cents per share based on generally accepted accounting principles, according to LSEG. Lucid also confirmed its production forecast of about 9,000 vehicles by 2024. Hims & Hers Health — The telehealth consultation platform jumped 10% post-market after its second-quarter earnings forecast beat analysts’ estimates. Hims & Hers forecast revenue in the range of $292 million to $297 million, compared with analysts’ forecasts of $288 million for LSEG. First-quarter results also beat Street estimates. Simon Property Group — Shares of the shopping center company rose 1.4% after reporting quarterly revenue growth. According to analysts surveyed by LSEG, Simon Property Group posted revenue of $1.30 billion, slightly above the $1.29 billion estimate. Microchip Technology – Shares fell 4% after revenue forecast for the current quarter came in below analysts’ estimates. Microchip said it expects first-quarter revenue of $1.22 billion to $1.26 billion, compared with Street estimates of $1.34 billion, according to LSEG. Management forecast adjusted earnings of 48 cents to 56 cents per share, also missing analysts’ expectations of 59 cents per share. Meanwhile, the company’s fiscal fourth-quarter results were in line with Street forecasts for both revenue and earnings. 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 had expected earnings of $4.06 per share and revenue of $2.58 billion per LSEG. International Flavors & Fragrances – Shares of the consumer products maker jumped 3.7% after first-quarter revenue beat expectations. International Flavors & Fragrances posted revenue of $2.9 billion, compared with analysts polled by LSEG expecting $2.78 billion. The company also reported full-year sales; adjusted operating earnings before interest, taxes, depreciation and amortization; and volume should approach the upper end of previously general guidance ranges. — CNBC’s Scott Schnipper, Alex Harring and Darla Mercado contributed reporting.
