Skip to main content

AeroVironment: Fiscal Q2 Earnings Snapshot

By The Associated Press

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — AeroVironment Inc. (AVAV) on Tuesday reported a fiscal second-quarter loss of $17.1 million, after reporting a profit in the same period a year earlier.

The Arlington, Virginia-based company said it had a loss of 34 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The maker of unmanned aircrafts posted revenue of $472.5 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $477.4 million.

AeroVironment expects full-year earnings in the range of $3.40 to $3.55 per share, with revenue in the range of $1.95 billion to $2 billion.

AeroVironment shares have climbed 83% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $281.66, an increase of 76% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVAV at https://www.zacks.com/ap/AVAV

Woman told House panel that Gomez sexually assaulted her, attorneys say

Washington — A woman told the House Ethics Committee that Rep. Jimmy Gomez sexually assaulted her, according to her attorneys, a claim that comes as the panel investigates sexual misconduct allegations against the California Democrat.The bipartisan committee said Monday that it's looking into allegations against Gomez, including that he engaged "in inappropriate sexual contact with a House staffer." Gomez acknowledged in a statement Monday that he "made personal mistakes outside my marriage" and that his "actions were consensual in nature." The attorneys for the unnamed woman pushed back on the assertion that Gomez's actions were consensual. "We represent one of the women who was interviewed by the House Committee on Ethics about her experience of sexual harassment and assault by Representative Jimmy Gomez. Contrary to Representative Gomez's assertion in his statement, his actions were not 'consensual in nature' with respect to our client. We fully expect that the House Committee on Ethics will come to the same conclusion in its investigation," said her attorneys, Lisa J. Banks and Sarah E. Nesbitt. CBS News has reached out to Gomez's office for comment on the allegations. Banks and Nesbitt did not identify their client, and CBS News has not verified her claims.In his statement earlier this week, Gomez said he was "ready to cooperate with the Ethics Committee inquiry and provide it with whatever information it might need." "Out of respect for my family and the ongoing process, I will have no further comment," he added. House Democratic leaders called the allegations "serious and disturbing." "We encourage the Committee to conduct a thorough and swift investigation," House Minority Leader Hakeem Jeffries, Minority Whip Katherine Clark and Democratic Caucus Chair Pete Aguilar said in a statement Wednesday. In announcing the probe on Monday, the Ethics Committee said that "[n]o other public comment will be made on this matter except in accordance with Committee rules."The investigation comes as the House is poised to consider legislation to overhaul the chamber's ethics rules. The proposal would, among other things, ban lawmakers from having sexual relationships with any congressional staffers, not just those under their direct supervision.
Read Next Story

Related Stories

Latest News
He spied for the U.S. in the war on terror. Now ICE wants to deport him.
22 minutes ago

He spied for the U.S. in the war on terror. Now ICE wants to deport him.

Sube a 314 el saldo de muertos por el terremoto que sacudió a Colombia hace más de una semana

El total que ha gastado el Real Madrid en el mercado de fichajes y los dos clubes que lo superan

More than 750 US service members wounded since start of Iran War

Prince Harry and Meghan to move back to Britain