AeroVironment (AVAV) Tops Q4 EPS by 1c; Comments on FY10 Outlook
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AeroVironment, Inc. (AV) (NASDAQ: AVAV) reports Q4 EPS of $0.27, 1 cent better than estimates. Revenues were $76.0 million vs. $71.22 million consensus.
BACKLOG:
As of April 30, 2009, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $114.8 million compared to $82.0 million as of April 30, 2008.
FISCAL 2010 -- OUTLOOK FOR THE FULL YEAR:
For fiscal year 2010, the Company expects revenue growth of 18% to 22% over fiscal year 2009 and operating income margin of 12% to 14%. [SM]
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