Here’s a look at the companies making headlines before the bell: Walt Disney – Although Walt Disney Co. reported fiscal second-quarter profit that beat estimates and was boosted by narrowing streaming losses, the media giant’s Shares are still down more than 4%. Hims & Hers Health — Shares of Hims & Hers Health soared 14% after the telemedicine consulting platform issued second-quarter revenue guidance that beat expectations. Hims & Hers Health expects revenue in the range of $292 million to $297 million, above the LSEG consensus estimate of $288 million. First-quarter results also exceeded expectations. Gap — Citigroup raised its rating on the clothing retailer to “buy” from “neutral” and raised its price target, saying Gap could beat first-quarter earnings expectations, sending shares up 3.2%. Target — Shares of the retailer rose 1.6% after two calls for optimism from Wall Street. Citi upgraded the stock to buy from neutral, calling it one of the sector’s winners. UBS, which also has a buy rating, said the upcoming first-quarter earnings report should be a positive catalyst for the stock market and validate the bull market situation. 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, below the $2.71 billion expected by analysts surveyed by LSEG. It expects revenue for the quarter of $649 million to $653 million, compared with the LSEG consensus estimate of $653 million. Lucid Group — Shares of Lucid Group fell 8% after the electric car maker released its latest results. Lucid reported a GAAP loss of 30 cents per share and reiterated 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 missed expectations. In the first quarter, the aerospace manufacturer reported revenue of $92.8 million, missing the StreetAccount consensus estimate of $95 million. Loss per share of 9 cents was in line with expectations. Simon Property Group — Simon Property Group shares rose 0.7% after the company reported first-quarter revenue that beat expectations. The mall operator reported revenue of $1.30 billion, above the $1.29 billion expected by analysts polled by LSEG. Microchip Technology — Shares of Microchip Technology fell 2% after the company issued weaker-than-expected guidance for the current quarter. Microship said it expected earnings of 48 to 56 cents per share on revenue of $1.22 billion to $1.26 billion. Analysts expected earnings of 59 cents per share on revenue of $1.34 billion, according to LSEG. Fourth-quarter revenue and net profit results were in line with analysts’ expectations. —CNBC’s Michelle Fox, Alex Harlin and Tanaya Machel contributed reporting
