U.S. Movers: AeroVironment, BlackBerry, Carnival, Daktronics, FedEx, Winnebago
- Scott Peters
- U.S.A. New York City
-
FedEx failed to meet analyst expectations despite positive financial results, and the parcel delivery company raised its annual dividend. AeroVironment reported strong quarterly results, and the defense technology company reiterated its annual outlook.
Carnival Corp. eased 0.2% to $25.66 after the cruise company reported results for the fiscal second quarter ending on May 31.
Revenue edged up to $6.33 billion from $5.78 billion, net income surged to $565 million from $92 million, and diluted earnings per share rose to 42 cents from 7 cents a year ago.
The company guided full-year adjusted net income to increase 40% compared to 2024 and better than March guidance by $200 million.
Furthermore, the cruise operator estimated adjusted EBITDA of approximately $6.9 billion, an increase of over 10% compared to the prior year and better than March guidance.
FedEx Corp. dropped 6% to $215.84 after the parcel delivery company reported results for the fiscal fourth quarter ending on May 31.
Revenue jumped to $22.22 billion from $22.11 billion, net income climbed to $1.65 billion from $1.47 billion, and diluted earnings per share rose to $6.88 from $5.94 a year ago.
During fiscal 2025, the company returned $4.3 billion to stockholders through $3.0 billion of stock repurchases and $1.3 billion of dividend payments, and as of May 31, $2.1 billion remained under the company’s 2024 stock repurchase authorization.
Furthermore, FedEx raised its annual dividend by 5% to $5.80 per share.
The logistics company guided first-quarter revenue to be flat to up 2%, compared to $21.6 billion, and diluted earnings per share to be between $2.90 and $3.50, compared to $3.60 a year earlier, respectively.
Excluding costs related to business optimization initiatives and the planned spin-off of FedEx Freight, the company expects diluted earnings per share to be between $3.40 and $4.00 in the current quarter.
BlackBerry Ltd. surged 6.9% to $4.63 after the Canadian software company reported results for the fiscal first quarter of 2026 ending on May 31.
Revenue edged down to $121.7 million from $123.4 million, net income swung to a profit of $1.9 million from a loss of $41.4 million, and diluted earnings per share were breakeven compared to a loss of 7 cents a year ago.
The company guided second-quarter revenue to be between $115 million and $125 million, compared to $145 million; adjusted EBITDA between $8 million and $14 million, compared to breakeven; and non-GAAP earnings per share between breakeven and one cent, compared to breakeven a year earlier, respectively.
For the full year, the software provider estimated revenue to be between $508 million and $538 million, compared to $534.9 million; adjusted EBITDA between $72 million and $87 million, compared to $84.2 million; and non-GAAP earnings per share between 8 cents and 10 cents, compared to 2 cents in the prior year, respectively.
During the first quarter, the company returned $10 million to shareholders by the repurchase of 2.57 million shares.
AeroVironment Inc. gained 0.8% to $194.90 after the defense technology company reported results for the fiscal fourth quarter of 2025 ending on April 30.
Revenue surged to $275.05 million from $196.98 million, net income jumped to $16.66 million from $6.05 million, and diluted earnings per share rose to 59 cents from 22 cents a year ago.
As of April 30, the company announced a funded backlog of $726.6 million, compared to $400.2 million in 2024, and bookings during the fiscal year were $1.2 billion.
The defense technology provider guided full-year revenue to be between $1.9 billion and $2.0 billion, compared to $820.6 million; adjusted EBITDA between $300 million and $320 million, compared to $146.4 million; and diluted earnings per share between $2.80 and $3.00, compared to $3.28 a year ago, respectively.
Winnebago Industries Inc. increased 2.9% to $32.25 despite the manufacturer of recreation and marine vehicles reporting weak results for the fiscal third quarter ending on May 31.
Revenue declined to $775.1 million from $786.0 million, net income dropped to $17.6 million from $29.0 million, and diluted earnings per share fell to 62 cents from 96 cents a year ago.
The company guided full-year revenue to be between $2.7 billion and $2.8 billion, compared to $2.97 billion, and diluted earnings per share between 50 cents and $1.00, compared to 44 cents a year earlier, respectively.
The company also estimated adjusted diluted earnings per share to be between $1.20 and $1.70 in fiscal 2025, compared to $3.40 a year ago.
Winnebago paid a quarterly cash dividend of 34 cents per share on June 25.
Daktronics Inc. plunged 7.9% to $14.00 after the provider of digital LED display technology and audio systems reported results for the fiscal fourth quarter ending on April 26.
Net sales declined to $172.55 million from $215.88 million, net income swung to a loss of $9.42 million from a profit of $2.52 million, and diluted earnings per share swung to a loss of 19 cents from a profit of 5 cents a year ago.
Fourth-quarter product and service orders increased 17% from a year ago and 29% sequentially, and the year-end product backlog was $341.6 million, an increase of 8% from $316.9 million a year earlier.
Full-year product and service orders were $781.3 million, an increase of 5.6% from $740.2 million in fiscal 2024, while fourth-quarter orders were $240.7 million, compared to $205.8 million in the year-ago period.
For the full year, revenue edged down to $756.48 million from $818.08 million, net income swung to a loss of $10.12 million from a profit of $34.62 million, and diluted earnings per share swung to a loss of 21 cents from a profit of 74 cents a year earlier.
Annual Returns
Company | Ticker | 2025 | 2024 | 2023 |
---|---|---|---|---|
AeroVironment Inc | AVAV | -3% | 28% | 44% |
BlackBerry Limited | BB | 0% | 8% | -20% |
Carnival Corporation | CCL | -0% | 35% | 106% |
FedEx Corporation | FDX | 2% | 6% | 43% |
Winnebago Industries Inc | WGO | 0% | -34% | 28% |
Daktronics Inc | DAKT | 0% | 97% | 259% |