Today’s Market Movers: AeroVironment Surges While Cooper Companies and American Eagle Sink

TLDR

• AeroVironment jumped over 6% after posting record quarterly revenue of $480.5M, beating estimates by $24.5M
• Cooper Companies fell 16% after cutting its full-year revenue guidance and missing third-quarter revenue expectations
• American Eagle Outfitters dropped 11% despite beating Q2 earnings, as same-store sales for its flagship brand declined 1%
• Navan slumped 15% after acquiring AI platform BoomPop, despite raising its full-year outlook
• Stock futures edged higher Thursday as oil held above $100 a barrel, fueled by U.S.-Iran tensions

AeroVironment had a strong start to Thursday trading, climbing more than 6% after reporting record first-quarter revenue. The defense contractor brought in $480.5 million for the quarter, up 6% year over year and $24.5 million above what analysts had expected.

Adjusted earnings per share came in at $0.59, more than double the $0.25 estimate. Autonomous Systems revenue grew 21% to $346 million, driven by a 71% jump in uncrewed aircraft systems sales.

Gross margin also improved, expanding to 26% from 21% a year earlier. The company kept its full-year revenue outlook of $2.125 billion to $2.225 billion and adjusted EPS guidance of $3.02 to $3.34.

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