AeroVironment's Mixed Signals: Loss, Revenue Beat, Optimistic Outlook

AeroVironment, a Virginia-based company, reported a surprising fiscal first-quarter loss of $67.4 million, or $1.44 per share, a stark contrast to last year's profit. While narrowly missing Wall Street's expectations with adjusted earnings of 32 cents per share, the company exceeded revenue forecasts, reporting $454.7 million. Despite the loss, AeroVironment remains optimistic, projecting full-year earnings between $3.60 and $3.70 per share and revenue between $1.9 billion and $2 billion. The company's stock has surged 50% year-to-date, reaching $230.99, making its future performance one to watch. Hosted on Acast. See acast.com/privacy for more information.