AeroVironment Shares Drop 9% After Q3 Revenue Miss
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BTCCSquare news:
AeroVironment's fiscal third-quarter earnings fell short of Wall Street expectations, sending shares down 9% in after-hours trading. The defense contractor posted $0.64 EPS on $408 million revenue—a 15% miss against consensus estimates of $0.68-$0.72 EPS and $476-$484 million revenue.
While year-over-year revenue grew 143%, the surge was largely attributable to the May 2025 acquisition of BlueHalo. Organic growth stood at 38%. Gross margins contracted to 27%, compounding investor concerns.
The Space, Cyber, and Directed Energy segment declined 19% due to funding delays and potential loss of a $1.7 billion Space Force contract. Management cut full-year EPS guidance to $2.75-$3.10 from prior $3.40-$3.55 range.
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