AeroVironment (AVAV) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.63 per share a year ago.
Tuesday, AeroVironment reported an operating loss of $3.1 million, down from a profit of $14.3 million a year ago. Wall Street was looking for a $14 million profit.
Defense contractor AeroVironment shares sink on quarterly miss on top and bottom line.
AVAV's fiscal Q3 results are likely to reflect favorable impacts of revenue growth from LMS and MW units amid the adverse impacts of higher marketing costs.
Beyond analysts' top -and-bottom-line estimates for AeroVironment (AVAV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.
In the closing of the recent trading day, AeroVironment (AVAV) stood at $153.65, denoting a +1.29% change from the preceding trading day.
In the latest trading session, AeroVironment (AVAV) closed at $158.13, marking a -0.45% move from the previous day.
In the closing of the recent trading day, AeroVironment (AVAV) stood at $179.35, denoting a -1.54% change from the preceding trading day.
The latest trading day saw AeroVironment (AVAV) settling at $185.96, representing a -0.09% change from its previous close.
Drone specialist AeroVironment (AVAV 7.60%) saw its stock gain notable altitude on Tuesday, thanks to an update from the company on a lucrative government contract. The company's share price soared almost 8% higher on the day, comparing very favorably to the S&P 500's (^GSPC 0.72%) relatively marginal (0.7%) rise.
The days of robots being primarily limited to manufacturing applications are long gone—the industry is expanding rapidly and becoming integrated into many different sectors thanks to rapid developments in AI and automation. Analysts expect this to lead to major growth for the industry in the years to come, with an anticipated CAGR of more than 15% in the coming seven years to reach a size of nearly $170 billion globally by 2032.
The latest trading day saw AeroVironment (AVAV) settling at $164.66, representing a +1.57% change from its previous close.