AeroVironment (AVAV) Tops Q3 EPS by 2c

AeroVironment (NASDAQ: AVAV) reported Q3 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $90.1 million versus the consensus estimate of $106.72 million.

GUIDANCE:

AeroVironment sees FY2022 EPS of $1.23-$1.37, versus the consensus of $1.30. AeroVironment sees FY2022 revenue of $440-460 million, versus the consensus of $451 million.

• For the fiscal year 2022, the Company continues to expect revenue of between $440 million and $460 million, net loss of between $12 million and $8 million, Non-GAAP adjusted EBITDA of between $59 million and $65 million, loss per diluted share of between $(0.47) and $(0.33) and non-GAAP earnings per diluted share, which excludes litigation settlement expenses, acquisition-related expenses and amortization of intangible assets, of between $1.23 and $1.37.

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

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