California Monrovia (AP) - pilotless aircraft manufacturers AeroVironment company said on Tuesday, its third quarter net income increased by 32%, the efficient energy systems division strong sales and gross profit margin increase boost.
Results beyond the Wall Street expectations, in after-hours trading, send Monrovia, California state of galilee, the company's share price has risen more than 12%.
AeroVironment company net income for 8.7 million dollars, or 39 cents per share, as of October 27, three months. By contrast, net income for 6.6 million dollars, or thirty cents per share, during the same period last year.
, on average, analysts had expected 22 cents per share of income, according to FactSet.
Although in the company's efficient energy system department of sales increase, offset the sales weak pilotless aircraft.
Therefore, this quarter revenue down to $80300000 from $80400000. Analysts expected to average $76700000.
AeroVironment company's gross profit margin - every dollar income percentage is actually a company keep - although income decrease, than the same period last year increased by 16%.
The backlog of orders, contracts worth 90200000 us dollars, up down $93200000 by the end of April, the company in the end of the first quarter.
Management pointed out that, due to the delay of contracting an important military plan, in the second half of fiscal revenue will be more emphasis on in the fourth quarter.
AeroVironment company is expected to fiscal year 2013 earnings per share will be between $1.41 to $1.51, the dollar, between $3.48 million and $370 million in revenues. Analysts predict annual earnings for $1.43 a share of the revenue of $353600000.
AeroVironment shares at the end of the regular trading up cents at $20.26. The company's share price rose $2.24, or 11%, to $22.50 in after-hours trading. Share price dropped about 36%, this year.
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