AeroVironment Q3 2024 Adj EPS $0.630 Beats $0.330 Estimate, Sales $186.600M Beat $170.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
AeroVironment (NASDAQ:AVAV) reported Q3 2024 adjusted EPS of $0.630, surpassing the $0.330 estimate, with sales of $186.600M exceeding the $170.625M forecast. This represents a 38.84% increase in sales compared to the same period last year.
March 04, 2024 | 9:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AeroVironment reported a significant beat on both EPS and sales estimates for Q3 2024, with a notable year-over-year sales growth.
AeroVironment's substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to positively influence investor sentiment and the stock price in the short term. The company's performance significantly exceeded analyst expectations, which typically leads to positive market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100