Before the bell rings, take a look at the businesses making news:
– Walt Disney: The media giant saw a more than 4% decline despite posting earnings that beat expectations, driven by improved streaming performance.
– Hims & Hers Health: The telehealth platform’s stock surged 14% following strong second-quarter revenue guidance, exceeding analyst estimates.
– Gap: Shares rose 3.2% after a Citi upgrade to buy from neutral, with a raised price target citing potential for surpassing first-quarter earnings.
– Target: The retailer gained 1.6% after optimistic ratings from Citi and UBS, attributing positive expectations for upcoming earnings.
– Palantir Technologies: Shares dropped 11% as the defense-tech company issued weaker revenue guidance below analyst consensus.
– Lucid Group: The electric vehicle maker’s stock fell 8% despite posting revenue that beat estimates and reaffirming its 2024 production targets.
– Rocket Lab USA: Shares declined 3% after first-quarter revenue missed estimates, with revenue and losses in line with expectations.
– Simon Property Group: Shares rose 0.7% as the mall operator reported higher-than-expected first-quarter revenue.
– Microchip Technology: Shares fell 2% on weaker-than-expected guidance for the current quarter, citing lower earnings per share and revenues compared to analyst estimates.
Source (CNBC)
