AeroVironment (AVAV) Tops Q2 EPS by 28c

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Go back to AeroVironment (AVAV) Tops Q2 EPS by 28c

AeroVironment, Inc. Announces Fiscal 2016 Second Quarter Results

December 8, 2015 4:10 PM EST

SIMI VALLEY, Calif.--(BUSINESS WIRE)-- AeroVironment, Inc. (NASDAQ: AVAV) today reported financial results for its second quarter ended October 31, 2015.

Strong performance in our core UAS business delivered a 23 percent increase in AeroVironments quarterly revenue year-over-year and a 76 percent increase in quarterly gross margin, including 19 percentage points from a government contract reserve reduction. Solid bookings of more than $66 million in UAS... More