UPDATE: Aerovironment Posts Q1 Net Loss

Aerovironment AVAV posted a loss in the first quarter. Aerovironment posted a quarterly net loss of $1.4 million, or $0.06 per share, versus a year-ago net income of $0.3 million, or $0.01 per share. Its revenue declined 5% to $58.7 million. Aerovironment maintained its view for fiscal 2013. It expects net income of $1.41 to $1.51 per share on revenue of $348 million to $370 million. Aerovironment shares dropped 2.44% to $23.63 in after-hours trading.