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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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May 19, 2015
09:14 EDTAVAVAeroVironment: Volvo XC90 T8 plug-in hybrid to include TurboCord Dual charger
AeroVironment (AVAV) announced the portable TurboCord Dual charger will come standard with the 2016 Volvo XC90 T8 Twin Engine, which will debut later this year. The Volvo (VOLVY) XC90 T8 Twin Engine is the world’s first seven passenger plug-in hybrid electric vehicle.

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