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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:14 EDTAVAVAeroVironment corrects Q1 year-to-date bookings to $65M from $75M
The company said management inadvertently misstated the company's year-to-date bookings and FY15 estimates. The correct fiscal 2015 revenue estimates are as follows: Fourth quarter ending backlog that is executable in fiscal 2015 of $63 million, various orders booked to date in the first quarter of fiscal 2015 of $65M, incremental revenue to hold EES revenue flat year-over-year of $28M, and finally, the balance of government fiscal 2014 U.S. Department of Defense appropriated procurement spending not yet booked of $7M. This adds up to $163 million, or 63% and not 67% as stated in the conference call of the mid-point of our fiscal 2015 revenue guidance range.
News For AVAV From The Last 14 Days
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September 1, 2015
18:41 EDTAVAVOn The Fly: After Hours Movers
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16:18 EDTAVAVAeroVironment sees FY16 revenue $260M-$280M, consensus $269.43M
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16:17 EDTAVAVAeroVironment reports August 1 backlog $89.0M compared to $64.7M last year
16:15 EDTAVAVAeroVironment reports Q1 EPS with items (30c), consensus (15c)
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15:02 EDTAVAVNotable companies reporting after market close
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August 24, 2015
09:11 EDTAVAVAeroVironment awarded contracts totaling $47.1M by U.S. Army
AeroVironment announced receipt since May 1, 2015 of ten orders from the United States Army totaling $47.1M for RQ-11B Raven and RQ-20A PumaAE unmanned aircraft systems sustainment. This total value includes seven orders awarded on July 23 totaling $35.2M.
August 20, 2015
09:10 EDTAVAVAeroVironment receives contract from U.S. Army totaling $3.4M
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