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AeroVironment reports 3Q loss

MONROVIA, Calif. (AP) _ AeroVironment Inc. (AVAV) on Tuesday reported a fiscal third-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.

The Monrovia, California-based company said it had a loss of 9 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.

The maker of unmanned aircrafts posted revenue of $53.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $50.7 million.

AeroVironment expects full-year earnings to be 20 cents to 35 cents per share, with revenue in the range of $260 million to $280 million.

AeroVironment shares have dropped 2.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.15, a decline of roughly 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVAV at https://www.zacks.com/ap/AVAV


Keywords: AeroVironment, Earnings Report