Stocks Moving After Hours: Palantir, Lucid, CSX

Palantir Technologies reported adjusted earnings of 9 cents per share, generating $678 million in revenue, surpassing analyst expectations. The electric vehicle sector also saw positive results, with a company reporting $200.6 million in revenue, exceeding the anticipated $192 million. In the transportation sector, CSX Corporation achieved earnings of 49 cents per share, slightly above the expected 48 cents, with revenue of $3.70 billion aligning with market forecasts. In contrast, Spirit AeroSystems faced a significant setback, posting a wider-than-expected loss of $2.73 per share and $1.49 billion in revenue, falling short of analyst predictions of a 90-cent loss and $1.59 billion in revenue. The car rental giant Avis Budget Group also struggled, with shares declining 3% after reporting second-quarter revenue of $3.05 billion, below the expected $3.14 billion. The company’s adjusted earnings of 17 cents per share were also below the anticipated 23 cents. Meanwhile, semiconductor stocks showed resilience, with Nvidia and Super Micro Computer rebounding in after-hours trading, each gaining over 1%. Simon Property Group, a major mall owner, saw its shares dip about 1% despite exceeding second-quarter revenue estimates and maintaining earnings in line with expectations. The company announced a 15-cent increase in its dividend, reflecting confidence in its financial stability. Overall, the mixed results highlight the varied performance across sectors, with some companies thriving while others grapple with challenges.