ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — AeroVironment Inc. (AVAV) on Monday reported a fiscal third-quarter loss of $676,000, after reporting a profit in the same period a year earlier.
The Arlington, Virginia-based company said it had a loss of 3 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 33 cents per share.
The maker of unmanned aircrafts posted revenue of $134.4 million in the period.
AeroVironment expects full-year earnings in the range of $1.13 to $1.33 per share, with revenue in the range of $510 million to $525 million.
AeroVironment shares have increased 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $87.57, a climb of 18% in the last 12 months.
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