AeroVironment reports Q2 adjusted EPS 44c, consensus 79c

Reports Q2 revenue $472.5M, consensus $465.63M. “AV is operating from a position of strength as evidenced by our record second quarter results, all-time high bookings and long-term contract wins,” said Wahid Nawabi, AeroVironment (AVAV) chairman, president and chief executive officer. “We have built a portfolio of integrated capabilities and advanced technologies to meet the market’s accelerating demand and serve as a partner of choice in critical moments. While we are pleased with our results for the quarter, we are just getting started. We are confident that our unmatched innovation, strategic partnerships and agility to expand our manufacturing capacity enable us to address evolving defense needs and lead the generational shift in defense over the longer-term.”