AeroVironment: Fiscal Q1 Earnings Snapshot
ARLINGTON, Va. (AP) _ AeroVironment Inc. (AVAV) on Wednesday reported a loss of $8.4 million in its fiscal first quarter.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 34 cents. Losses, adjusted for amortization costs and costs related to mergers and acquisitions, were 10 cents per share.
The maker of unmanned aircrafts posted revenue of $108.5 million in the period.
AeroVironment expects full-year earnings in the range of $1.35 to $1.65 per share, with revenue in the range of $490 million to $520 million.
AeroVironment shares have risen 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $88.67, a decline of 14% in the last 12 months.