Parcel and cargo delivery company FedEx (NYSE:FDX) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, but sales were flat year on year at $22.22 billion. Guidance for next quarter’s revenue was better than expected at $21.79 billion at the midpoint, 0.9% above analysts’ estimates. Its GAAP profit of $6.88 per share increased from $5.94 in the same quarter last year.
Diversified industrial manufacturing company Worthington (NYSE:WOR) announced better-than-expected revenue in Q2 CY2025, but sales were flat year on year at $317.9 million. Its non-GAAP profit of $1.06 per share was 25.6% above analysts’ consensus estimates.
Aerospace and defense company AeroVironment (NASDAQ:AVAV) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 39.6% year on year to $275.1 million. The company’s full-year revenue guidance of $1.95 billion at the midpoint came in 76% above analysts’ estimates. Its GAAP profit of $0.59 per share was 51.5% below analysts’ consensus estimates.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 8% in the afternoon session after analysts at Goldman Sachs downgraded the stock to "sell" from "neutral."
Shares of computer processor maker AMD (NASDAQ:AMD)
jumped 6.5% in the afternoon session after Melius Research analysts upgraded the stock, citing improving prospects for the company's artificial intelligence chips.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 5.8% in the afternoon session after analysts at Citigroup and Guggenheim reiterated their "buy" ratings. Citigroup raised its price target on the stock from $158 to $163, suggesting potential upside from its previous close.
