AeroVironment Reports Earnings Beat, Backlog Reaches $1.2 Billion

Dronemaker AeroVironment reported fourth-quarter earnings that exceeded both revenue and profit expectations, with shares rising 17% after the bell. The company's funded backlog increased to $1.2 billion year-over-year but saw minimal growth from last quarter.

By Chris Eudaily · CNBC ·

AeroVironment Reports Earnings Beat, Backlog Reaches $1.2 Billion

Tickers: $AVAV

Topics: autonomous_systems defense_spending drones

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