AeroVironment Inc. (AVAV) on Tuesday reported a lack of $156.6 million in its fiscal third quarter.
ARLINGTON, Va.(AP) — ARLINGTON, Va. (AP) — AeroVironment Inc. (AVAV) on Tuesday reported a lack of $156.6 million in its fiscal third quarter.
The Arlington, Virginia-based firm mentioned it had a lack of $3.15 per share. Earnings, adjusted for asset impairment prices and amortization prices, had been 64 cents per share.
The outcomes didn’t meet Wall Street expectations. The common estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The maker of unmanned aircrafts posted income of $408 million within the interval, which additionally missed Street forecasts. Six analysts surveyed by Zacks anticipated $473 million.
AeroVironment expects full-year earnings within the vary of $2.75 to $3.10 per share, with income within the vary of $1.85 billion to $1.95 billion.
AeroVironment shares have declined barely greater than 8% for the reason that starting of the yr. In the ultimate minutes of buying and selling on Tuesday, shares hit $221.57, a climb of 80% within the final 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Investment Research. Access a Zacks stock report on AVAV at https://www.zacks.com/ap/AVAV
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