Investing.com - AeroVironment reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
AeroVironment announced earnings per share of $-0.1 on revenue of $108.52M. Analysts polled by Investing.com anticipated EPS of $0.1183 on revenue of $103.41M.
AeroVironment shares are down 13% from the beginning of the year , still down 22.29% from its 52 week high of $114.11 set on Tuesday, April 12, 2022. They are outperforming the Nasdaq which is down 24.63% year to date.
AeroVironment follows other major Industrials sector earnings this month
AeroVironment's report follows an earnings missed by Deere&Company on Friday, August 19, 2022, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
Siemens ADR had missed expectations on Thursday, August 11, 2022 with third quarter EPS of $-1.07 on revenue of $18.48B, compared to forecast for EPS of $-0.3269 on revenue of $17.68B.
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