— 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
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
Colgate-Palmolive (CL) Q1 2025 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its first quarter 2025 earnings results today. Net sales decreased 3.1% year-over-year to $4.9 billion. Organic sales growth was 1.4%. Net income attributable to Colgate-Palmolive Company rose
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
