Shares of drone maker AeroVironment Inc. fell more than 8% late Tuesday after the company swung to a surprise fiscal 2018 third-quarter loss. AeroVironment said it lost $800,000, or 4 cents a share, in the third quarter of fiscal 2018, compared with a net loss of $2.2 million, or 9 cents a share, in the year-ago period. Revenue rose 20% to $64 million, compared with $53.2 million a year ago. Analysts polled by FactSet had expected earnings of 2 cents a share on sales of $63 million. In a separate press release, AeroVironment said it had been awarded a $44.5 million contract to provide drones for the ground forces of an unnamed Middle East “regional power,” it said. That was the company’s largest international order, AeroVironment said. AeroVironment shares ended the regular trading session up 0.8%.
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