AeroVironment Stock Jumps as Defense Contractor Reports Strong Earnings, Boosts Guidance
AVAVAeroVironment(AVAV) Investopedia·2024-03-06 03:25

Key Takeaways AeroVironment shares soared to a record high Tuesday as the maker of technology for drones, missiles and other military applications posted better-than-expected quarterly results. Quarterly profit was nearly double estimates, and revenue beat forecasts, too. The company raised and narrowed its full-year revenue guidance. Shares of AeroVironment (AVAV) flew to a record high Tuesday as the maker of technology for drones, missiles, and other military applications posted better-than-expected quart ...