Market Update
Japan Indexes Reach 4-Month Highs, AI-Linked Tech Stocks Approach 2025 Peaks
Akira Ito
26 Jun, 2025
Tokyo
Japan's market indexes advanced and rose to four-month highs amid a rebound in technology stocks.
The Nikkei 225 Stock Average rose more than 1%, and the broader Topix edged up a fraction, following the rise in artificial intelligence-linked stocks.
In overnight trading in New York, Nvidia advanced to a new record high and reclaimed its status as the world's most valuable company.
On the domestic economic front, investors reassessed the central bank's cautious approach in normalizing interest rates amid heightened geopolitical risks and persistent trade uncertainties.
The yen held near 144.50 against the U.S. dollar, as investors continued to seek safety in non-U.S. dollar-denominated assets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.4% to 39,503.16, and the broader Topix edged 0.5% to 2,797.33.
Semiconductor equipment makers advanced, following the surge in Nvidia stock in overnight trading.
Tokyo Electron Ltd. advanced 4% to ¥26,390.0, Advantest Corp. gained 5.2% to ¥10,720.0, and Disco Corp. jumped 1.7% to ¥39,430.0.
Nippon Yusen KK advanced 1.7% to ¥5,101.0, Mitsui O.S.K. Lines Ltd. gained 1.4% to ¥4,833.0, and Kawasaki Kisen Kaisha Ltd. jumped 0.8% to ¥2,033.50.
Japan Indexes Reach 4-Month Highs, AI-Linked Tech Stocks Approach 2025 Peaks
Akira Ito
26 Jun, 2025
Tokyo
Japan's market indexes advanced and rose to four-month highs amid a rebound in technology stocks.
The Nikkei 225 Stock Average rose more than 1%, and the broader Topix edged up a fraction, following the rise in artificial intelligence-linked stocks.
In overnight trading in New York, Nvidia advanced to a new record high and reclaimed its status as the world's most valuable company.
On the domestic economic front, investors reassessed the central bank's cautious approach in normalizing interest rates amid heightened geopolitical risks and persistent trade uncertainties.
The yen held near 144.50 against the U.S. dollar, as investors continued to seek safety in non-U.S. dollar-denominated assets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.4% to 39,503.16, and the broader Topix edged 0.5% to 2,797.33.
Semiconductor equipment makers advanced, following the surge in Nvidia stock in overnight trading.
Tokyo Electron Ltd. advanced 4% to ¥26,390.0, Advantest Corp. gained 5.2% to ¥10,720.0, and Disco Corp. jumped 1.7% to ¥39,430.0.
Nippon Yusen KK advanced 1.7% to ¥5,101.0, Mitsui O.S.K. Lines Ltd. gained 1.4% to ¥4,833.0, and Kawasaki Kisen Kaisha Ltd. jumped 0.8% to ¥2,033.50.
U.S. Movers: Micron, MillerKnoll, Raymond James, Walgreens
Scott Peters
26 Jun, 2025
New York City
Micron Technology Inc. gained 0.9% to $128.45 after the memory and storage solution provider reported results for the fiscal third quarter ending on May 29.
Revenue edged up to $9.30 billion from $6.81 billion, net income surged to $1.88 billion from $332 million, and diluted earnings per share rose to $1.68 from 30 cents a year ago.
The company guided fourth-quarter revenue to be between $10.7 billion and $300 million, compared to $7.75 billion, and diluted earnings per share between $2.29 and 15 cents, compared to 79 cents a year earlier, respectively.
Non-GAAP diluted earnings per share are estimated between $2.50 and 15 cents in the fourth quarter, compared to $1.18 a year ago.
Raymond James Financial Inc. traded flat at $151.73 after the financial services company released its monthly operating data.
Client assets under administration in May increased 9% to $1.58 trillion from $1.45 trillion a year ago and were up 3% over the preceding month, as private client assets grew 13% and private client assets in fee-based accounts advanced 12%.
Financial assets under management grew 12% to $245.2 billion from $226.0 billion in the prior year.
The company said clients’ domestic cash sweep and Enhanced Savings Program balances of $54.2 billion declined 4% from the previous year and 3% sequentially over the preceding month.
MillerKnoll Inc. gained 10.5% to $19.47 after the office furniture maker reported results for the fiscal fourth quarter ending on May 31.
Net sales increased to $961.8 million from $889.9 million, net income swung to a loss of $57.1 million from a profit of $9.9 million, and diluted earnings per share swung to a loss of 84 cents from a profit of 14 cents a year ago.
Overall orders increased 11.1% to $1.04 billion, and up 10.7% organically from a year earlier.
For the full year, net sales jumped to $3.67 billion from $3.63 billion, net income swung to a loss of $36.9 million from a profit of $82.3 million, and diluted earnings per share swung to a loss of 54 cents from a profit of $1.11 a year earlier.
Walgreens Boots Alliance Inc. gained 0.8% to $11.40 after the pharmacy retailer reported results for the fiscal third quarter ending on May 31.
Sales edged up to $38.99 billion from $36.35 billion, net income swung to a loss of $175 million from a profit of $344 million, and diluted earnings per share swung to a loss of 20 cents from a profit of 40 cents a year ago.
Operating income in the third quarter was $53 million, compared to $111 million, and adjusted earnings per share was 38 cents, compared to 63 cents a year earlier, respectively.
“Results reflect continued improvement in our U.S. healthcare segment and benefits from our cost-savings initiatives, while we continued to see weakness in our U.S. front-end sales,” the company said in a release to investors.
U.S. Movers: Micron, MillerKnoll, Raymond James
Scott Peters
26 Jun, 2025
New York City
Micron Technology Inc. gained 0.9% to $128.45 after the memory and storage solution provider reported results for the fiscal third quarter ending on May 29.
Revenue edged up to $9.30 billion from $6.81 billion, net income surged to $1.88 billion from $332 million, and diluted earnings per share rose to $1.68 from 30 cents a year ago.
The company guided fourth-quarter revenue to be between $10.7 billion and $300 million, compared to $7.75 billion, and diluted earnings per share between $2.29 and 15 cents, compared to 79 cents a year earlier, respectively.
Non-GAAP diluted earnings per share are estimated between $2.50 and 15 cents in the fourth quarter, compared to $1.18 a year ago.
Raymond James Financial Inc. traded flat at $151.73 after the financial services company released its monthly operating data.
Client assets under administration in May increased 9% to $1.58 trillion from $1.45 trillion a year ago and were up 3% over the preceding month, as private client assets grew 13% and private client assets in fee-based accounts advanced 12%.
Financial assets under management grew 12% to $245.2 billion from $226.0 billion in the prior year.
The company said clients’ domestic cash sweep and Enhanced Savings Program balances of $54.2 billion declined 4% from the previous year and 3% sequentially over the preceding month.
MillerKnoll Inc. gained 10.5% to $19.47 after the office furniture maker reported results for the fiscal fourth quarter ending on May 31.
Net sales increased to $961.8 million from $889.9 million, net income swung to a loss of $57.1 million from a profit of $9.9 million, and diluted earnings per share swung to a loss of 84 cents from a profit of 14 cents a year ago.
Overall orders increased 11.1% to $1.04 billion, and up 10.7% organically from a year earlier.
For the full year, net sales jumped to $3.67 billion from $3.63 billion, net income swung to a loss of $36.9 million from a profit of $82.3 million, and diluted earnings per share swung to a loss of 54 cents from a profit of $1.11 a year earlier.
HKMA Defends Currency Peg, Three New Issues Start Trading on Hong Kong Exchange
Li Chen
26 Jun, 2025
Hong Kong
China and Hong Kong stock market indexes lacked direction amid heightened geopolitical tensions and a lack of progress on U.S. tariff negotiations.
The Hang Seng index fell 0.5%, and the mainland-focused CSI 300 index decreased a fraction, as investors focused on multiple headwinds, including U.S. tariff negotiations.
Negotiations with the U.S. have stalled over the last week as China pushes for lower tariffs, and the U.S. demands a stable supply of rare earth materials.
In Hong Kong, the movement in the currency market also garnered investor attention, as the Hong Kong Monetary Authority moved to keep the exchange rate within the target band.
The HKMA sold the equivalent of US$1.2 billion and purchased Hong Kong dollars at an average price of HK$7.85.
The currency regulatory authority swiftly moved to keep the currency in the preferred range and took action for the first time since 2023.
The HKMA move also pushed up the interbank rate, which pushed up mortgage rates in the city, dampening property stocks.
China Indexes and Stocks
The Hang Seng index decreased 0.5% to 24,357.56, and the mainland-focused CSI 300 index decreased 0.1% to 3,959.80.
Residential property developers declined after the HKMA's move pushed up mortgage rates.
China Vanke Co. Ltd. decreased 0.2% to HK $4.97, Longfor Group Holdings added 0.4% to HK $9.70, Henderson Land Development Co. Ltd. dropped 2.6% to HK $28.0, and Sun Hung Kai Properties Ltd. fell 2.4% to HK $90.75.
Three companies listed their shares on the Hong Kong Stock Exchange amid strong interest from retail investors.
Eternal Beauty Holdings dropped 10% to HK$2.57, and the maker of personal care products sold 333.4 million shares at a price of HK$2.88 per share and raised HK$960.2 million.
Zhou Liu Fu Jewellery soared 17% to HK $27.60 after the company priced its offering at HK $24.0 per share.
The jewelry company sold 53.83 million shares and raised a total of HK $1.29 billion.
Saint Bella jumped more than 35% to HK $9.0 after the maker of child and elderly care products priced its public offering at HK $6.58 per share.
The company sold 109.7 million shares in a global offering and raised a total of HK $722.04 million.
HKMA Defends Currency Peg, Three New Issues Start Trading on Hong Kong Exchange
Li Chen
26 Jun, 2025
Hong Kong
China and Hong Kong stock market indexes lacked direction amid heightened geopolitical tensions and a lack of progress on U.S. tariff negotiations.
The Hang Seng index fell 0.5%, and the mainland-focused CSI 300 index decreased a fraction, as investors focused on multiple headwinds, including U.S. tariff negotiations.
Negotiations with the U.S. have stalled over the last week as China pushes for lower tariffs, and the U.S. demands a stable supply of rare earth materials.
In Hong Kong, the movement in the currency market also garnered investor attention, as the Hong Kong Monetary Authority moved to keep the exchange rate within the target band.
The HKMA sold the equivalent of US$1.2 billion and purchased Hong Kong dollars at an average price of HK$7.85.
The currency regulatory authority swiftly moved to keep the currency in the preferred range and took action for the first time since 2023.
The HKMA move also pushed up the interbank rate, which pushed up mortgage rates in the city, dampening property stocks.
China Indexes and Stocks
The Hang Seng index decreased 0.5% to 24,357.56, and the mainland-focused CSI 300 index decreased 0.1% to 3,959.80.
Residential property developers declined after the HKMA's move pushed up mortgage rates.
China Vanke Co. Ltd. decreased 0.2% to HK $4.97, Longfor Group Holdings added 0.4% to HK $9.70, Henderson Land Development Co. Ltd. dropped 2.6% to HK $28.0, and Sun Hung Kai Properties Ltd. fell 2.4% to HK $90.75.
Three companies listed their shares on the Hong Kong Stock Exchange amid strong interest from retail investors.
Eternal Beauty Holdings dropped 10% to HK$2.57, and the maker of personal care products sold 333.4 million shares at a price of HK$2.88 per share and raised HK$960.2 million.
Zhou Liu Fu Jewellery soared 17% to HK $27.60 after the company priced its offering at HK $24.0 per share.
The jewelry company sold 53.83 million shares and raised a total of HK $1.29 billion.
Saint Bella jumped more than 35% to HK $9.0 after the maker of child and elderly care products priced its public offering at HK $6.58 per share.
The company sold 109.7 million shares in a global offering and raised a total of HK $722.04 million.
Wall Street Indexes Approach Record Highs Despite Looming Tariff Uncertainties and Persistent Inflationary Pressures
Barry Adams
25 Jun, 2025
New York City
Wall Street indexes lacked direction after racking up gains in the previous session.
The S&P 500 index edged down 0.1%, and the tech-heavy Nasdaq Composite inched higher 0.2%, and crude oil prices rebounded after falling more than 10% in the previous two sessions.
Benchmark indexes are approaching record highs as investors overlook multiple headwinds ahead of the start of earnings season in two weeks and optimism about a possible rate cut.
The S&P 500 index has rebounded more than 20% from the low of 4,982.0 on April 8, despite the ongoing uncertainty linked to Trump tariffs, lack of progress on the budget bill in the Senate, possible rebound in consumer price inflation, and ongoing geopolitical tensions in the Middle East and Central Europe.
Moreover, a sharp slowdown in retail sales is confirming consumer fatigue, and higher prices for automobiles and food and the sustained inflation in shelter costs are weakening consumer confidence.
Since the start of Trump's global tariff war, small businesses in logistics, retailing, entertainment, restaurants, and business services are facing tough times amid a lack of demand and a freezing of new investments.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 6,098.94, the Nasdaq Composite edged up 0.4% to 20,000.74, and the Russell 2000 index declined 0.2% to 2,157.31.
The yield on 2-year Treasury notes edged lower to 3.81%, 10-year Treasury notes increased to 4.33%, and 30-year Treasury bonds advanced to 4.87%.
WTI crude oil increased $0.61 to $64.98 a barrel, and natural gas prices edged lower by $0.04 to $3.50 a thermal unit.
Gold decreased by $8.92 to $3,314.16 an ounce, and silver edged down by $0.12 to $35.80.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.26 to 98.12 and traded at the lowest level since April 2022.
U.S. Stock Movers
FedEx Corporation decreased 4.4% to $218.20 after the parcel delivery company's current quarter outlook fell short of analysts' expectations.
The logistics company guided first-quarter revenue to be between flat and 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.
FedEx's revenue and earnings surpassed market expectations in the fiscal fourth quarter ending in May.
AeroVironment, Inc. rose 2.2% to $197.65, and the defense technology company reported better-than-expected results in the fiscal fourth quarter ending in April.
The company estimated earnings per share in the current fiscal year to range between $2.80 and $3.0, compared to $3.28 a year ago.
Worthington Enterprises soared 11.4% to $67.0 after the industrial products, such as pressure vessels, reported better-than-expected revenue and adjusted earnings in the fiscal fourth quarter ending in May.
Carnival Corp. jumped 0.4% to 25.79 after the cruise operator reported an increase in revenue and earnings in the fiscal second quarter ending in May and raised its full-year outlook.
Chief Executive Josh Weinstein said strong last-minute bookings, close to departure, supported the rise in revenue in the quarter.
Wall Street Indexes Approach Record Highs Despite Looming Tariff Uncertainties and Persistent Inflationary Pressures
Barry Adams
25 Jun, 2025
New York City
Wall Street indexes lacked direction after racking up gains in the previous session.
The S&P 500 index edged down 0.1%, and the tech-heavy Nasdaq Composite inched higher 0.2%, and crude oil prices rebounded after falling more than 10% in the previous two sessions.
Benchmark indexes are approaching record highs as investors overlook multiple headwinds ahead of the start of earnings season in two weeks and optimism about a possible rate cut.
The S&P 500 index has rebounded more than 20% from the low of 4,982.0 on April 8, despite the ongoing uncertainty linked to Trump tariffs, lack of progress on the budget bill in the Senate, possible rebound in consumer price inflation, and ongoing geopolitical tensions in the Middle East and Central Europe.
Moreover, a sharp slowdown in retail sales is confirming consumer fatigue, and higher prices for automobiles and food and the sustained inflation in shelter costs are weakening consumer confidence.
Since the start of Trump's global tariff war, small businesses in logistics, retailing, entertainment, restaurants, and business services are facing tough times amid a lack of demand and a freezing of new investments.
U.S. Stock Movers
FedEx Corporation decreased 4.4% to $218.20 after the parcel delivery company's current quarter outlook fell short of analysts' expectations.
The logistics company guided first-quarter revenue to be between flat and 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.
FedEx's revenue and earnings surpassed market expectations in the fiscal fourth quarter ending in May.
AeroVironment, Inc. rose 2.2% to $197.65, and the defense technology company reported better-than-expected results in the fiscal fourth quarter ending in April.
The company estimated earnings per share in the current fiscal year to range between $2.80 and $3.0, compared to $3.28 a year ago.
Worthington Enterprises soared 11.4% to $67.0 after the industrial products, such as pressure vessels, reported better-than-expected revenue and adjusted earnings in the fiscal fourth quarter ending in May.
Carnival Corp. jumped 0.4% to 25.79 after the cruise operator reported an increase in revenue and earnings in the fiscal second quarter ending in May and raised its full-year outlook.
Chief Executive Josh Weinstein said strong last-minute bookings, close to departure, supported the rise in revenue in the quarter.
European Leaders Struggle with Rising Defense Costs, EU Car Sale Growth Accelerates In May
Bridgette Randall
25 Jun, 2025
London
European markets edged higher in cautious trading amid heightened geopolitical tensions.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher after the risk of global crude oil and natural gas supply receded.
Crude oil prices dropped more than 10% and fell to the level last seen on July 12, before the start of Israel's air strikes targeting nuclear infrastructure in Iran.
NATO leaders are scheduled to wrap up their two-day talks in Brussels, Belgium, amid ongoing tensions in the Middle East and Russia's occupation of Ukraine.
Moreover, the U.S. president is pushing European leaders to take a larger burden of security expenses as the U.S. struggles with sky-high debt of $36 trillion.
Defense stocks hovered near record highs amid expectations of higher government spending in the European Union.
Passenger car registration in the European Union increased 1.6% from a year ago to 926,582 units, following a 1.3% rise in April, according to the monthly update from the European Automobile Manufacturers' Association.
Battery-powered electric vehicle sales soared 25% from a year ago to 142,766 units, largely because of a 45% surge in sales in Germany.
Overall registrations in the first five months of 2025 eased by 0.6% from a year ago to 4.6 million units.
Europe Indexes and Yields
The DAX index increased by 0.2% to 23,688.00, the CAC-40 index edged higher by 0.1% to 7,625.85, and the FTSE 100 index advanced 0.2% to 8,779.02.
The yield on 10-year German bonds inched lower to 2.51%, French bonds decreased to 3.20%, UK gilts moved down to 4.44%, and Italian bonds edged lower to 3.45%.
The euro decreased to $1.16; the British pound was higher at $1.36; and the U.S. dollar was lower and traded at 80.50 Swiss cents.
Brent crude increased $1.24 to $68.38 a barrel, and the Dutch TTF natural gas was higher by €0.15 to €35.21 per MWh.
Europe Movers
BP plc increased 0.7% to 370.65 pence, Shell PLC advanced 0.7% to 2,600.50 pence, TotalEnergies SE 0.3% to €52.65, and Repsol SA added 0.4% to €12.57.
Rolls-Royce Holdings PLC gained 1.4% to 922.0 pence, BAE PLC rose 0.7% to 1,815.50 pence, Rheinmetall AG advanced 1.4% to €1,709.50, and MTU Aero Engines AG decreased 0.3% to €372.40.
Kering SA declined 0.7% to €179.70, LVMH rose 0.4% to €455.15, Hermes International SCA rose 0.1% to €2,279.0, and Moncler SpA declined 0.7% to €48.23.
European Leaders Struggle to Adjust to Rising Defense Costs, EU Passenger Car Sale Growth Accelerated In May
Bridgette Randall
25 Jun, 2025
London
European markets edged higher in cautious trading amid heightened geopolitical tensions.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher after the risk of global crude oil and natural gas supply receded.
Crude oil prices dropped more than 10% and fell to the level last seen on July 12, before the start of Israel's air strikes targeting nuclear infrastructure in Iran.
NATO leaders are scheduled to wrap up their two-day talks in Brussels, Belgium, amid ongoing tensions in the Middle East and Russia's occupation of Ukraine.
Moreover, the U.S. president is pushing European leaders to take a larger burden of security expenses as the U.S. struggles with sky-high debt of $36 trillion.
Defense stocks hovered near record highs amid expectations of higher government spending in the European Union.
Passenger car registration in the European Union increased 1.6% from a year ago to 926,582 units, following a 1.3% rise in April, according to the monthly update from the European Automobile Manufacturers' Association.
Battery-powered electric vehicle sales soared 25% from a year ago to 142,766 units, largely because of a 45% surge in sales in Germany.
Overall registrations in the first five months of 2025 eased by 0.6% from a year ago to 4.6 million units.
Europe Indexes and Yields
The DAX index increased by 0.2% to 23,688.00, the CAC-40 index edged higher by 0.1% to 7,625.85, and the FTSE 100 index advanced 0.2% to 8,779.02.
The yield on 10-year German bonds inched lower to 2.51%, French bonds decreased to 3.20%, UK gilts moved down to 4.44%, and Italian bonds edged lower to 3.45%.
The euro decreased to $1.16; the British pound was higher at $1.36; and the U.S. dollar was lower and traded at 80.50 Swiss cents.
Brent crude increased $1.24 to $68.38 a barrel, and the Dutch TTF natural gas was higher by €0.15 to €35.21 per MWh.
Europe Movers
BP plc increased 0.7% to 370.65 pence, Shell PLC advanced 0.7% to 2,600.50 pence, TotalEnergies SE 0.3% to €52.65, and Repsol SA added 0.4% to €12.57.
Rolls-Royce Holdings PLC gained 1.4% to 922.0 pence, BAE PLC rose 0.7% to 1,815.50 pence, Rheinmetall AG advanced 1.4% to €1,709.50, and MTU Aero Engines AG decreased 0.3% to €372.40.
Kering SA declined 0.7% to €179.70, LVMH rose 0.4% to €455.15, Hermes International SCA rose 0.1% to €2,279.0, and Moncler SpA declined 0.7% to €48.23.
U.S. Movers: AeroVironment, BlackBerry, Carnival, Daktronics, FedEx, Winnebago
Scott Peters
25 Jun, 2025
New York City
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.