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Drone maker AeroVironment shares pop 20% on earnings beat
Abstract：AeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines.
- AeroVironment beat fourth-quarter expectations on the top and bottom lines.
- The drone maker's stock soared following the earnings report.
AeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines.
Here's how the company did compared to analyst expectations:
- Earnings: $1.61 per share adjusted vs $1.39 per share expected
- Revenue: $275 million vs $242 million expected
The company reported record fiscal year revenue of $820.6 million, up 14% over the prior period.
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