AeroVironment (AVAV) Tops Q2 EPS by 5c, Maintains FY Revenue Guidance

AeroVironment (NASDAQ: AVAV) reported Q2 EPS of $0.34, $0.05 better than the analyst estimate of $0.29. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $81.01 million.

GUIDANCE:

AeroVironment sees FY2020 EPS of $1.47-$1.67, versus the consensus of $1.66. AeroVironment sees FY2020 revenue of $350-370 million, versus the consensus of $360 million.

• For fiscal 2020, the Company continues to expect to generate between $350 million and $370 million in revenue and between $1.35 and $1.55 in earnings per diluted share. This financial guidance assumes approximately 5% ownership of the HAPSMobile joint venture and includes the expected losses of Pulse Aerospace, which the Company acquired on June 10, 2019. The Company continues to expect non-GAAP earnings per diluted share, which excludes acquisition related expenses and amortization of acquired intangible assets to be between $1.47 and $1.67.

For earnings history and earnings-related data on AeroVironment (AVAV) click here.

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