Aevex: Q3 Earnings Snapshot

    SOLANA BEACH, Calif. (AP) — SOLANA BEACH, Calif. (AP) — Aevex Corp. (AVEX) on Wednesday reported a loss of $23.9 million in its third quarter.

    The Solana Beach, California-based company said it had a loss of 40 cents per share.

    The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

    The defense company specializing in drones posted revenue of $189.7 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $150.8 million.

    Aevex expects full-year revenue in the range of $820 million to $840 million.

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    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVEX at https://www.zacks.com/ap/AVEX

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