Why Shares in AeroVironment Surged Higher This Week
AVAVAeroVironment(AVAV) The Motley Fool·2024-03-08 21:01

Shares in drone manufacturer AeroVironment (AVAV -2.51%) rose a remarkable 38% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. There's little debate over the reason for the move; it came from its third-quarter 2024 earnings report released on Monday. AeroVironment raises guidance, again AeroVironment's fiscal year finishes at the end of April.The company raised revenue guidance on every single earnings call through its financial year -- a testament to the strengt ...