AeroVironment (AVAV) Tops Q2 EPS by 35c, Maintains FY Outlook

AeroVironment (NASDAQ: AVAV) reported Q2 EPS of $0.29, $0.35 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $73.8 million versus the consensus estimate of $63.53 million.

BACKLOG

As of October 28, 2017, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $127.1 million compared to $78.0 million as of April 30, 2017.

FISCAL 2018 — OUTLOOK FOR THE FULL YEAR

For fiscal 2018, the company continues to expect to generate revenue of between $280 million and $300 million, and earnings per diluted share of between $0.45 and $0.65.

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

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