AeroVironment Q4 Adj $0.43 Beats $0.21 Estimate, Sales $196.98M Beat $188.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
AeroVironment (NASDAQ:AVAV) reported Q4 earnings of $0.43 per share, significantly beating the analyst estimate of $0.21. Sales also surpassed expectations, coming in at $196.98 million against the $188.56 million estimate. Despite the earnings beat, this represents a 56.57% decrease from the same period last year.
June 26, 2024 | 8:15 pm
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AeroVironment reported Q4 earnings of $0.43 per share, beating the $0.21 estimate. Sales were $196.98 million, also above the $188.56 million estimate. However, earnings per share decreased by 56.57% compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on AVAV's stock price. However, the year-over-year decrease in earnings per share may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100