Check out the companies making headlines in extended trading: Palantir Technologies — Shares declined nearly 5% after the company issued lighter-than-expected guidance for full-year revenue. First-quarter adjusted earnings were in line with expectations at 8 cents per share, per LSEG. Meanwhile, quarterly revenue of $634 million topped forecasts of $625 million. Lucid Group — The electric vehicle maker tumbled 7.5% following its first-quarter results.
Microchip Technology — The stock fell 4% after its current-quarter revenue guidance came below analysts' estimates. Microchip said it sees first-quarter revenue between $1.22 billion and $1.26 billion, compared to Street estimates of $1.34 billion, per LSEG. Management forecasts adjusted earnings in a range between 48 cents and 56 cents per share, also missing analysts' expectations of 59 cents per share.
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