AeroVironment, Inc. Announces Fiscal 2021 First Quarter Results
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UPDATE: AeroVironment (AVAV) Tops Q1 EPS by 4c, Revenues Beat; Offers FY21 EPS/Revenue Guidance
September 9, 2020 4:13 PM EDT(Updated - September 9, 2020 4:14 PM EDT)
AeroVironment (NASDAQ: AVAV) reported Q1 EPS of $0.44, $0.04 better than the analyst estimate of $0.40. Revenue for the quarter came in at $87.45 million versus the consensus estimate of $80.48 million.
FISCAL 2021 FIRST QUARTER RESULTS
Revenue for the first quarter of fiscal 2021 was $87.5 million, an increase of 1% from the first quarter of fiscal 2020 revenue of $86.9 million. The increase in revenue was due to an increase in service revenue of $8.0 million, partially offset by a decrease in product sales of $7.5 million.Gross margin for the first quarter of fiscal 2021... More