04:26 PM EDT, 09/04/2024 (MT Newswires) -- AeroVironment ( AVAV ) reported fiscal Q1 non-GAAP earnings late Wednesday of $0.89 per diluted share, down from $1 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Revenue in the quarter ended July 27 rose to $189.5 million from $152.3 million a year earlier.

Analysts surveyed by Capital IQ expected $185.5 million.

The company reiterated fiscal 2025 guidance of non-GAAP diluted EPS of $3.18 to $3.49 on revenue of $790 million to $820 million.

Analysts polled by Capital IQ expect EPS of $3.51 on revenue of $829.6 million.

Shares of the company fell 1.6% in after-hours activity, paring earlier losses.

Price: 190.99, Change: -3.05, Percent Change: -1.57