Categories Earnings, Industrials

AeroVironment (NASDAQ: AVAV): Q2 2020 Earnings Snapshot

— AeroVironment Inc. (NASDAQ: AVAV) reported its second-quarter 2020 adjusted earnings of $0.34 per share versus $0.29 per share expected.

— Revenue grew by 14% to $83.3 million versus $81.01 million expected. This was due to an increase in product sales.

Earnings Update by AlphaStreet

— Gross margin increased to 42% from 39% in the previous year quarter. This was due to an increase in the proportion of product revenue to total revenue and a favorable product mix.

— As of October 26, 2019, the funded backlog was $146.7 million compared to $163.9 million as of October 27, 2018.

— Looking ahead into fiscal 2020, the company still expects revenue in the range of $350-370 million. This is in line with the analysts’ expectation of $360.02 million.

— The company still predicts earnings of $1.35-1.55 per share and adjusted earnings of $1.47-1.67 per share for the full year. This is within the consensus estimates of $1.66 per share.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top