Take a look at the companies making headlines in intraday trading: Palantir Technologies — shares fell nearly 5% after the company issued lower-than-expected full-year revenue guidance. First-quarter adjusted earnings were in line with estimates of 8 cents a share, according to LSEG. Meanwhile, quarterly revenue was $634 million, above expectations of $625 million. Lucid Group — Shares fell 7.5% after the electric car maker reported first-quarter results. Despite a slight increase in revenue, the company lost 30 cents per share on a GAAP basis. Lucid also reiterated its 2024 production guidance of approximately 9,000 vehicles. Hims & Hers Health — The telemedicine consulting platform’s second-quarter revenue guidance exceeded analysts’ expectations, and its stock price rose 10% after listing. Hims & Hers expects revenue in the range of $292 million to $297 million, compared with analysts’ forecasts of $288 million, according to LSEG. First-quarter results also beat Wall Street expectations. Simon Property Group — Shares of Simon Property Group rose 1.4% after the shopping mall company reported better-than-expected quarterly revenue. Simon Property Group reported revenue of $1.3 billion, slightly above expectations of $1.29 billion, according to analysts polled by LSEG. Microchip Technology — Shares of Microchip Technology fell 4% after the stock guided revenue for the quarter that missed analysts’ expectations. Microchip said it expected first-quarter revenue to be between $1.22 billion and $1.26 billion, while Wall Street expected revenue of $1.34 billion, according to LSEG. Management forecast adjusted earnings of between 48 cents and 56 cents per share, also below analysts’ expectations of 59 cents per share. Meanwhile, the company’s fourth-quarter revenue and profit were in line with Wall Street forecasts. 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 LSEG to earn $4.06 per share on revenue of $2.58 billion. International Flavors and Fragrances – Shares of the consumer goods maker rose 3.7% after first-quarter revenue beat expectations. International Flavors and Fragrances reported revenue of $2.9 billion, while analysts polled by LSEG expected revenue of $2.78 billion. The company also said full-year sales; adjusted EBITDA advance operating profit; and volume should be near the high end of the previously shared guidance range. —CNBC’s Scott Schnipper, Alex Harring and Darla Mercado contributed reporting.
