Drone maker AeroVironment rises as first-quarter results beat estimates - AVAV News | RalliesDrone maker AeroVironment rises as first-quarter results beat estimates
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AVAV• First-quarter results beat estimates
- Shares of drone maker AeroVironment
AVAV.O rise 5.8% to $149 premarket.
- The company reports first-quarter adjusted EPS of 59 cents, above analysts' estimates of 25 cents, according to LSEG-compiled data.
- AeroVironment says results were driven by increased product sales and higher service revenue.
- The company reports first-quarter revenue of $480.5 million, above analysts' estimates of $456.2 million.
- AeroVironment reaffirms FY27 revenue and profit forecast.
- As of the last close, the stock was down 41.8% year to date and on track for yearly losses after four consecutive yearly gains.
