An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022.
Luke Sharrett | Bloomberg | Getty Images
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 financial results after market close Tuesday and logged record fiscal year revenue of $820.6 million, up 14% over the prior period.
This is breaking news. Please refresh for updates.
Leave a Reply