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Stocks moving in after hours: PayPal, Palantir, Lucid

Yahoo Finance Live anchor Seana Smith checks out several stocks trending in the after-hours trading session.

Video transcript

SEANA SMITH: Let's take a look at what is trending after hours. We've got three names for you-- PayPal, Palantir, and Lucid. Kicking it off with PayPal, we're looking at losses of just about 4% despite the company beating on both the top and bottom lines.

Its 2Q adjusted EPS outlook, though, coming in at the lower end of what the Street was looking for. PayPal now saying that it expects to see $1.15 to $1.17 a share. The Street was looking for $1.17. In terms of the numbers, though, for its most recent quarter spending heading in the right direction here-- the company boosting its full year profit guidance.

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CEO Dan Schulman saying that the company is off to a very strong start. Active accounts-- active customer accounts totaling $433 million. That's up compared to a year ago. In terms of what we will be listening for on the call, CEO Dan Schulman, he is expected to step down at the end of the year. So any talk, any info on who could potentially be taking over for him, of course, will be a focus here for shareholders. You're looking at the stock up just about 6% since the start of the year.

Moving on to Palantir, that stock up 25% right now in extended trading. Certainly a strong quarter here from the company, beating on revenue. But the big headline-- raising its full year forecast and also saying that it's going to be profitable in each quarter for the year. CEO Alex Carp saying that engagement and demand for its new AI platform is without precedent. And we know that is going to be rolling out here in the coming weeks.

Year to date, we're looking at gains of just about 20% over the last year. Palantir, though, still in the red, off about 18%. And rounding it out with Lucid. That stock off about 8% here in extended trading. Revenue missed the Street's expectations, also production guidance coming in at the low end of the year.

It now expects to make 18,000 vehicles this year. They'd initially guided for 14,000 vehicles-- so a reduction there. Obviously, one of the things that is weighing on the stock. In the March filing, also, the company said that it would be cutting 18% of its workforce as it looks to reduce costs. Year to date, Lucid had been up just about 12%. Akiko.