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

General Mills (GIS) Q4 Earnings: Key financials and quarterly highlights

General Mills Inc. (NYSE: GIS) reported fourth quarter 2022 earnings results today. Net sales increased 8% year-over-year to $4.9 billion. Organic net sales rose 13%. Net earnings attributable to General

KB Home (KBH): A look at the homebuilder’s expectations for the year

Shares of KB Home (NYSE: KBH) have dropped 35% year-to-date and 28% over the past 12 months. Last week, the company reported second quarter 2022 earnings results that surpassed expectations

Trade Desk’s stock can strengthen your investment portfolio. Here’s why

Trade Desk, Inc. (NASDAQ: TTD) has remained a much sought-after demand-side platform despite challenging market conditions and growing inflationary pressure, but its stock suffered heavy selling in recent months. The

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