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AeroVironment (AVAV) Misses Q2 EPS by 2c; Affirms FY15 Outlook

November 25, 2014 4:11 PM EST

AeroVironment (NASDAQ: AVAV) reported Q2 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $52.7 million versus the consensus estimate of $55.6 million.

BACKLOG

As of November 1, 2014, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $125.2 million compared to $65.9 million as of April 30, 2014.

FISCAL 2015 — OUTLOOK FOR THE FULL YEAR

For fiscal 2015, the company continues to expect to generate revenue of between $250 million and $270 million and gross profit margin of between 34.5 percent and 37.5 percent at the respective revenue levels. Planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in fiscal 2015 may largely offset operating profit in the current fiscal year.

For earnings history and earnings-related data on AeroVironment (AVAV) click here.



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