AeroVironment (AVAV) reported fiscal Q2 non-GAAP earnings late Wednesday of $0.47 per diluted share, down from $0.97 a year earlier.

Analysts polled by FactSet expected $0.76.

Revenue for the quarter that ended Oct. 26 was $188.5 million, up from $180.8 million a year earlier.

Analysts surveyed by FactSet expected $181.8 million.

The company maintained its guidance for fiscal 2025 non-GAAP earnings per diluted share of between $3.18 and $3.49. Analysts surveyed by FactSet expect $3.49.

The company also continues to expect revenue for the fiscal year of between $790 million and $820 million. Analysts polled by FactSet expect $826.4 million.

Shares of the company were 6.2% lower in after-hours activity.

Price: 184.79, Change: -12.10, Percent Change: -6.15