Levi Strauss (NYSE:LEVI) – Despite the growing popularity of jeans, Levi Strauss reported second fiscal quarter revenues slightly below Wall Street expectations, with $1.44 billion versus the $1.45 billion expected. However, the company exceeded adjusted earnings per share expectations, with 16 cents versus the 11 cents predicted. The company increased its dividend by 8% and reaffirmed its projections for the year. Shares fell 14.8% in pre-market trading.
BlackBerry Ltd. (NYSE:BB) – BlackBerry reported a loss of $42 million in the last quarter, or 7 cents per share, but the result was better than expected as the company works to return to adjusted profitability. The adjusted loss was 3 cents per share, beating expectations of a 5-cent per share loss. Quarterly revenue was $144 million, above the expectation of $131.6 million. For the next quarter, BlackBerry forecasts revenue between $136 million and $144 million, with an adjusted loss per share of 2 to 4 cents. Shares rose 5.9% in pre-market trading.
Micron Technology (NASDAQ:MU) – Micron Technology exceeded expectations in the third fiscal quarter, with adjusted earnings of 62 cents per share and revenue of $6.81 billion, above the $6.67 billion expected. Despite these positive results, shares fell about 5.5% in pre-market trading as investors focused more on the aligned revenue forecast for the next quarter. The company forecasts adjusted earnings of $1.08 per share and revenue of $7.6 billion for the next quarter.
Jefferies Financial (NYSE:JEF) – Jefferies Financial exceeded profit estimates for the second quarter, benefiting from higher advisory fees on deals and underwriting of stocks and bonds. Net income for common shareholders jumped to $145.7 million, or 64 cents per share, beating the forecast of 63 cents. Total revenue rose 60%, reaching $1.66 billion, above the $1.59 billion expected. Shares are stable in pre-market trading.
AeroVironment (NASDAQ:AVAV) – AeroVironment, a defense contractor, reported fourth fiscal quarter earnings and revenue that exceeded analysts’ expectations. AeroVironment reported earnings per share of 43 cents, surpassing analysts’ estimates of 21 cents. Additionally, the company reported revenue of $196.98 million, exceeding analysts’ forecast of $188.56 million by 4.46%. The company announced that it is “on track to achieve nearly 12% revenue growth in fiscal 2025, with expected revenue between $790 million and $820 million.”
General Mills (NYSE:GIS) – General Mills, the maker of Cheerios cereal, forecast annual profit below estimates and reported a larger-than-expected decline in quarterly sales, affected by lower demand for its snack bars and pet foods, as well as higher input costs. The company also anticipates annual growth in its business value below its long-term projections, which led to a drop in its shares. The company reported fourth-quarter adjusted earnings of $1.01 per share, beating Wall Street’s forecast of 99 cents but down from $1.12 the previous year. Revenue was $4.71 billion, a 6% drop from the same period last year and below expectations of $4.85 billion. The company also announced that its board approved a 2% increase in the quarterly dividend, to 60 cents per share.
Paychex (NASDAQ:PAYX) – Paychex exceeded quarterly earnings and sales expectations, with adjusted earnings of $1.12 per share, above the $1.10 expected, and total revenue of $1.295 billion, slightly above the $1.293 billion expected. Revenue grew 5% year over year. For fiscal 2025, the company projects revenue growth between 4% and 5.5% and an increase of 5% to 7% in adjusted earnings per share.