Reported about 1 year ago
AeroVironment Inc. based in Arlington, Virginia, reported a net income of $6 million for the fiscal fourth quarter, resulting in a profit of 22 cents per share. Adjusted earnings stood at 43 cents per share, surpassing Wall Street predictions. The company's revenue of $197 million exceeded expectations, with full-year results showing a net income of $59.7 million. AeroVironment anticipates earnings between $3.18 to $3.49 per share for the upcoming year, with revenue ranging from $790 million to $820 million. Shares surged by 53% since the beginning of the year, reaching $192.81 in the last trading minutes on Wednesday.
Source: YAHOO