🟢 AeroVironment is trading 6.4% up in pre-market after September 9 earnings beat and record backlog

AeroVironment is trading 6.4% up at $149.00 after its September 9 earnings beat revenue and adjusted EPS expectations.

• First-quarter revenue reached $480.5 million versus approximately $456 million expected; adjusted EPS was $0.59 versus $0.25 expected.
• Funded backlog rose 37% year over year to a record $1.5 billion.
• Management reaffirmed fiscal 2027 revenue guidance of $2.125 billion–$2.225 billion and adjusted EPS guidance of $3.02–$3.34.