AeroVironment Inc. (AVAV) reported third quarter EPS of $0.17 after the bell Tuesday, down from $0.26 in the prior year period. Revenues fell to $47.1 million, from $72.0 million a year ago. The consensus estimates were for EPS of $0.37 and revenues of $89.02 million. The company expects to report full year 2013 EPS of $0.30 to $0.50, with revenues of $230 million to $250 million. The consensus estimates are for EPS of $1.45 and revenues of $353.15 million.
AeroVironment has gapped open dramatically lower Wednesday and is now down 4.20 at $17.49 on above average volume. The stock has plummeted to a new low for the year.
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