AeroVironment Inc is a technology company specializing in unmanned aircraft systems and related solutions for both military and commercial applications
The company designs, develops, and manufactures innovative drones and unmanned aerial vehicles that provide advanced surveillance, reconnaissance, and data collection capabilities. AeroVironment's products are deployed in various sectors, including defense, public safety, and agriculture, enhancing operational effectiveness and improving decision-making through high-quality aerial intelligence. Additionally, the company offers a range of services and support solutions to ensure the optimal performance of its systems.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top gainers and losers driving the early market movements.
The military drone maker cut its annual adjusted earnings forecast to $2.92 and $3.13 per share, compared with its earlier estimate of $3.18 to $3.49 per share.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
Aerospace and defense company AeroVironment (NASDAQAVAV) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 10.2% year on year to $167.6 million. The company’s full-year revenue guidance of $787.5 million at the midpoint came in 5.8% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 54.8% below analysts’ consensus estimates.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
Momentum investors seek to take advantage of share price rallies to buy companies before they peak; analysts think these three firms still have room to grow.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how defense contractors stocks fared in Q3, starting with RTX (NYSERTX).
Over the last six months, AeroVironment’s shares have sunk to $163, producing a disappointing 7.1% loss - a stark contrast to the S&P 500’s 4.7% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including AeroVironment (NASDAQAVAV) and its peers.
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