AeroVironment Cuts Guidance, Says Timing Issues Hurt Results

Core Viewpoint - The drone maker has revised its expectations for adjusted earnings per share for the fiscal year, lowering the forecast from a range of $3.40 to $3.55 to a new range of $2.75 to $3.10 [1] Summary by Category - Earnings Forecast - The company now expects adjusted earnings per share to be between $2.75 and $3.10 for the fiscal year [1] - This is a decrease from the previous forecast of $3.40 to $3.55 per share [1]