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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.
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
: $1.61 per share adjusted vs $1.39 per share expected Revenue: $275 million vs $242 million expected
The company reported record fiscal year revenue of $820.6 million, up 14% over the prior period.
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