ARLINGTON, Va. (AP) _ AeroVironment Inc. (AVAV) on Wednesday reported a fiscal first-quarter loss of $14 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 57 cents. Losses, adjusted for amortization costs and costs related to mergers and acquisitions, were 17 cents per share.
The maker of unmanned aircrafts posted revenue of $101 million in the period.
AeroVironment expects full-year earnings in the range of $2.50 to $2.70 per share, with revenue in the range of $560 million to $580 million.
AeroVironment shares have increased 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $105.50, an increase of 53% in the last 12 months.
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