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Breaking: AeroVironment, Transphorm, and Tesla - Market Movers

  • June 27th, 2023
  • 331 views

AeroVironment, Inc. (Nasdaq: AVAV) reported fourth-quarter fiscal 2023 adjusted EPS of $0.99, slightly below the consensus estimate of $1.01.

Looking ahead to the full-year fiscal 2024, the company anticipates revenue ranging between $630 million and $660 million, along with adjusted EPS between $2.30 and $2.60. This outlook exceeds the consensus estimate of $2.04 EPS on revenue of $600.24 million for the period.

In after-hours trading, $AVAV is currently priced at $95.30, reflecting a significant increase of $4.98 (5.51%).

Transphorm, Inc. (Nasdaq: TGAN) posted a loss of $0.13 per share for the fourth quarter of fiscal 2023, slightly worse than the consensus estimate of a loss of $0.11 per share.

The company also announced its intention to conduct a strategic review in the second quarter of fiscal 2024 to enhance shareholder value.

$TGAN is currently trading at $3.70 in after-hours, experiencing a decline of $0.03 (-0.80%).

In other news, Tesla, Inc. (Nasdaq: TSLA) has secured two new patents from The United States Patent and Trademark Office (USPTO), reinforcing its intellectual property protection.

The first patent, titled "Electronically controlled seat system with tilt-and-slide mode" (No. US 11,685,293 B2), and the second patent, titled "Method of making an electric drive unit having a gear shaft and rotor shaft with three bearings" (No. US 11,686,384 B2), showcase Tesla's continued innovation.

$TSLA is currently trading at $249.68, down $0.53 (0.21%) in after-hours.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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