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0.00290738307567588 0.00482933102233657 0.0017332476028068 -0.00932319476671046 0.00465460848173096 -0.00332322272231691 -0.00390679600793935 -0.0280185066115009
Stock impact report

Military drone maker's shares jump more than 30% after it announces booming sales [CNBC]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Company Research Source: CNBC
Tim Chong | Reuters U.S. Army Major Rod Secor poses with a AeroVironment RQ-11 Raven, a small hand-launched remote-controlled unmanned aerial vehicle (SUAV), at the U.S. military booth at the Singapore Airshow in Singapore. Shares of AeroVironment , a military drone maker, soared 31 percent in early trade Wednesday after the company posted strong quarterly sales. The company's revenue for fiscal second-quarter 2018 hit $73.8 million, marking a 47 percent year-over-year increase. AeroVironment attributed the sales surge to a $23.2 million gain in drones sales. AeroVironment's strong revenue tricked down to its bottom line, as the drone maker's earnings per share shattered Wall Street expectations. The company reported a profit of 29 cents a share, while analysts polled by Reuters expected a loss of 6 cents a share. Our outstanding team delivered another solid quarter of financial and operational results driven by robust, global customer dema Show less Read more
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