Check out the companies making headlines before the bell: Walt Disney — The media giant’s stock fell more than 4% even after The Walt Disney Co. reported fiscal second-quarter earnings that beat expectations, boosted after streaming losses narrowed. Hims & Hers Health – Stock rose 14% after the telehealth consulting platform posted second-quarter revenue guidance that beat estimates. Hims & Hers Health expects revenue to be between $292 million and $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 buy from neutral and raised its price target, saying Gap may beat first-quarter earnings expectations. Target – The retailer’s stock rose 1.6% after two upbeat calls on Wall Street. Citi upgraded the stock to buy from neutral, calling it one of the winners in the sector. 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 case. Palantir Technologies – Shares fell 11% after the defense technology company issued weaker-than-expected guidance. Palantir expects full-year revenue to be between $2.68 billion and $2.69 billion, lower than the $2.71 billion expected from analysts surveyed by LSEG. It expects revenue of $649 million to $653 million for the current quarter, versus LSEG’s estimate of $653 million. Lucid Group – The electric car maker’s stock fell 8% after releasing its latest results. Lucid reported a loss of 30 cents per share, based on GAAP, and reaffirmed 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 beat expectations. In the first quarter, the aviation manufacturer posted revenue of $92.8 million, below the StreetAccount consensus estimate of $95 million. A loss of 9 cents per share was in line with estimates. Simon Real Estate Group – Shares rose 0.7% after Simon Real Estate Group reported first-quarter revenue that beat expectations. The mall operator generated 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 59 cents per share in earnings on revenue of $1.34 billion, according to LSEG. The top and bottom line results for the fiscal fourth quarter were in line with analysts’ expectations. — CNBC’s Michelle Fox, Alex Haring and Tanaya Machel contributed reporting
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