— 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.
— 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.
Most Popular
Infographic: Key highlights from Campbell Soup Company’s (CPB) Q1 2023 earnings results
Campbell Soup Company (NYSE: CPB) reported first quarter 2023 earnings results today. Net sales increased 15% year-over-year to $2.57 billion. Organic sales growth was 15%. Net earnings attributable to Campbell Soup
Cancer drug maker Felicitex prepares for IPO. Here’s all you need to know
Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year
Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain
Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its
