What's Going On With AeroVironment Stock?
Portfolio Pulse from Adam Eckert
AeroVironment Inc (NASDAQ:AVAV) reported Q2 financial results surpassing estimates with $180.8 million in revenue and 97 cents EPS. Year-over-year revenue increased by 62%, and the company has a funded backlog of $487 million. The full-year 2024 revenue outlook is projected between $685 million to $705 million, with anticipated earnings of $2.46 to $2.70 per share. After hours, AVAV shares slightly increased by 0.02% to $141.25.
December 05, 2023 | 9:46 pm
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POSITIVE IMPACT
AeroVironment reported strong Q2 results with revenue and EPS exceeding estimates, a significant year-over-year revenue increase, and a positive full-year outlook. Shares saw a marginal increase after hours.
The positive earnings report with higher-than-expected revenue and EPS, along with a strong year-over-year growth and a solid backlog, are likely to instill investor confidence and could lead to a short-term positive impact on AeroVironment's stock price. The after-hours slight increase in share price further supports the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100