U.S. Movers: Jabil, John Wiley & Sons, Korn Ferry, Progressive Corp.
- Scott Peters
- U.S.A. New York City
-
Jabil reported strong quarterly results, and the supply chain services provider reiterated its outlook. John Wiley & Sons surpassed analyst expectations in the fourth quarter.
Jabil Inc. surged 9.6% to $198.46 after the supply chain services provider reported results for the third quarter of 2025 ending on May 31.
Revenue increased to $7.83 billion from $6.76 billion, net income edged up to $222 million from $129 million, and diluted earnings per share rose to $2.03 from $1.06 a year ago.
The company guided fourth-quarter revenue to be between $7.1 billion and $7.8 billion, compared to $7.0 billion, and GAAP diluted earnings per share between $1.79 and $2.37, compared to $1.18 a year earlier, respectively.
The company also guided fourth-quarter GAAP operating income to be between $331 million and $411 million, compared to $318 million in the same quarter in 2024.
For the full year, the company estimated revenue to be $29 billion, compared to $28.9 billion, and non-GAAP core diluted earnings per share at $9.33, compared to $8.49 a year ago, respectively.
John Wiley & Sons Inc. soared 11% to $41.10 after the publishing company reported results for the fourth quarter and fiscal year 2025 ending on April 30, surpassing analyst expectations.
Adjusted revenue in the fourth quarter rose to $443 million from $441 million, adjusted EBITDA inched up to $126 million from $125 million, and adjusted earnings per share rose to $1.37 from $1.21 a year ago.
For the full year, adjusted revenue edged up to $1.66 billion from $1.62 billion, adjusted EBITDA jumped to $398 million from $369 million, and adjusted earnings per share rose to $3.64 from $2.78 a year earlier.
Net income in the fourth quarter increased to $68.09 million from $25.26 million, and diluted earnings per share rose to $1.25 from 46 cents a year ago.
Net income in the full year swung to a profit of $84.16 million from a loss of $200.32 million a year ago, and diluted earnings per share swung to a profit of $1.53 from a loss of $3.65 in the previous year.
The publishing company guided fiscal year 2026 revenue to increase in the low-to-mid single digits and the adjusted EBITDA margin to be between 25.5% and 26.5%, compared to 24.0% in fiscal 2025.
The company also estimated earnings per share to be between $3.90 and $4.35 in 2026, compared to $3.64 a year ago.
Progressive Corp. eased 1.04% to $263.0 despite the insurance company releasing strong results for the month ending on May 31.
Net income surged to $1.06 billion from $235 million, and earnings per share edged up to $1.81 from 40 cents in the same month a year ago.
The written net premiums climbed 11% to $6.63 billion from $5.97 billion, while earned net premiums jumped 15% to $6.71 billion from $5.86 billion a year earlier, respectively.
The total pretax net realized gains on securities increased 79% to $211 million from $118 million in May 2024.
The number of companywide policies increased 16% to 37,002 from 31,919 a year ago, led by the company’s direct auto insurance policies.
The State of Alaska Department of Revenue, among other hedge funds and institutions as well, lifted its position in Progressive’s shares by 2.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission.
Korn Ferry jumped 10.4% to $73.70 after the executive and professional recruitment company reported better-than-expected results in the fourth quarter ending on April 30.
Revenue increased to $719.83 million from $699.92 million, net income fell to $64.24 million from $65.19 million, and diluted earnings per share declined to $1.21 from $1.24 a year ago.
For the full year, revenue edged down to $2.76 billion from $2.79 billion, net income surged to $246.06 million from $169.15 million, and diluted earnings per share rose to $4.60 from $3.23 a year earlier.
The company repurchased 232,000 shares of stock during the fourth quarter for $15.0 million and paid dividends of $25 million.
Annual Returns
Company | Ticker | 2025 | 2024 | 2023 |
---|---|---|---|---|
Jabil Inc | JBL | -2% | 14% | 77% |
Korn Ferry International | KFY | -0% | 13% | 15% |
Progressive Corporation The | PGR | -0% | 51% | 23% |