AeroVironment (AVAV) Reports Q1 Loss Per Share of 51c
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AeroVironment (NASDAQ: AVAV) reported Q1 EPS of ($0.51), may not compare to the analyst estimate of ($0.17). Revenue for the quarter came in at $36.2 million versus the consensus estimate of $37.81 million.
**Loss per share for the first fiscal quarter of 2016 was impacted by both the impairment loss and losses on sales of CybAero equity securities.
For fiscal 2017, the company remains committed to generating revenue of between $260 million and $280 million, and earnings per fully diluted share of between $0.20 and $0.35. Seasonally low first quarter revenue, lower than planned bookings and significant international opportunities requiring export license approval contribute to greater execution challenges.
For earnings history and earnings-related data on AeroVironment (AVAV) click here.
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