AeroVironment (AVAV) Tops Q1 EPS by 30c

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AeroVironment, Inc. Announces Fiscal 2019 First Quarter Results

September 5, 2018 4:10 PM EDT

MONROVIA, Calif.--(BUSINESS WIRE)-- AeroVironment,Inc. (NASDAQ: AVAV) today reported financial results for its first quarter ended July 28, 2018.

Our strong funded backlog at the end of fiscal 2018 and continued execution of our strategy enabled us to deliver $78 million in revenue from continuing operations, a 127 percent increase year-over-year, and $0.85 earnings per diluted share from continuing operations, which included $0.26 from a one-time litigation settlement, said Wahid Nawabi,... More