U.S. Movers: Constellation Brands, TechTarget, UniFirst

Scott Peters
02 Jul, 2025
New York City

TechTarget Inc. plunged 12.3% to $6.89 after the content and research publisher for technology buyers reported weaker-than-expected results for the first quarter of 2025 ending on March 31.

Revenue rose to $103.89 million from $58.66 million but fell 6% on a consolidated basis after the purchase by Informa, and net loss expanded to $544.88 million from a loss of $19.51 million a year ago.

The company said operating loss widened to $508.80 million from a loss of $22.46 million a year earlier.

TechTarget guided a mid-single-digit revenue decline over the first six months of the year on a combined company basis.

The company doubled its cost savings in the first year of merger to $10 million, and reiterated its "overall run rate synergy of $45 million" by the end of the year three. 

Constellation Brands Inc. gained 0.6% to $167.51 after the alcohol beverage company reported results for the fiscal first quarter of 2026 ending on May 31.

Sales declined to $2.68 billion from $2.86 billion, net income fell to $516.1 million from $877.0 million, and diluted earnings per share dropped to $2.90 from $4.78 a year ago.

The company said beer sales declined 2% in the quarter, wine sales fell 22%, and spirits sales dropped 63%.

The company guided full-year net sales to be down 2% to up 1%, compared to $10.21 billion a year earlier, with beer sales flat to up 3% and wine and spirits sales down between 20% and 17%.

UniFirst Corp. eased 0.2% to $190.00 after the provider of uniforms and protective clothing reported results for the fiscal third quarter of 2025 ending on May 31.

Revenue increased to $610.78 million from $603.33 million, net income rose to $39.68 million from $38.06 million, and diluted earnings per share climbed to $2.13 from $2.03 a year ago.

The company repurchased shares worth $13.6 million in the third quarter, and as of May 31, it had $86.4 million remaining under share repurchase authorization.

UniFirst guided full-year revenue to be between $2.422 billion and $2.432 billion, compared to $2.427 billion, and diluted earnings per share between $7.60 and $8.00, compared to $7.77 a year earlier, respectively.