AeroVironment (AVAV) Releases Earnings Results, Beats Expectations By $0.33 EPS

AeroVironment (AVAV) reported quarterly earnings results on Tuesday, Jun-28-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.33. Analysts had a consensus of $-0.10. The company posted revenue of $84.76 million in the period, compared to analysts expectations of $85.87 million. The company’s revenue was down -2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

AeroVironment closed down -1.09 points or -3.69% at $28.41 with 2,00,923 shares getting traded on Monday. Post opening the session at $29.29, the shares hit an intraday low of $28.17 and an intraday high of $29.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 29, 2016, Timothy E Conver (Chairman and CEO) sold 8,500 shares at $29.28 per share price. According to the SEC, on Jan 19, 2016, Cathleen S Cline (Senior VP of Administration) sold 10,000 shares at $26.11 per share price. On Oct 7, 2015, Douglas E Scott (SVP, Gen. Counsel, Secretary) sold 1,663 shares at $21.20 per share price, according to the Form-4 filing with the securities and exchange commission.

AeroVironment Inc. designs develops produces supports and operates a portfolio of products and services for Government agencies businesses and consumers. The Company supplies unmanned aircraft systems tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD). The Company operates through two segments: Unmanned Aircraft Systems which focuses primarily on the design development production support and operation of UAS and tactical missile systems that provide situational awareness multi-band communications force protection and other mission effects to the operations of the Company’s customers and Efficient Energy Systems (EES) which focuses primarily on the design development production marketing support and operation of electric energy systems. It also supplies charging systems and services for electric vehicles and power cycling and test systems to commercial consumer and Government customers.


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