Post Earnings Update: Aerovironment Has Climbed 6.8% Higher in Past 2 Weeks (AVAV)
When Aerovironment (NASDAQ:AVAV) reported earnings two weeks ago on December 4th, 2012, analysts, on average, expected the company to report earnings of $0.22 on sales of $77.3 million. Aerovironment actually reported earnings of $0.39 per share on sales of $80.3 million, beating EPS estimates by $0.17 and beating revenue estimates by $3.0 million. Shares of Aerovironment have climbed from $20.26 to $21.63, representing a gain of 6.8% since the company reported earnings 20 days ago.
Aerovironment share prices have moved between a 52-week high of $32.11 and a 52-week low of $19.25 and are now trading 12% above that low price at $21.63 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.
SmarTrend is tracking the current trend status for Aerovironment and will alert subscribers who have AVAV in their portfolio or watchlist when shares have changed trend direction.
Keywords: earnings flashbacks AeroVironment