AeroVironment soars 28% on earnings beat, backlog grows to $1.2 billion

AeroVironment shares climbed during premarket trading following the release of fourth-quarter earnings results that exceeded analyst forecasts on both profit and revenue metrics. The dronemaker reported earnings per share of $1.84, surpassing the consensus estimate of $1.46, while revenue reached $642 million compared to the expected $559 million.
The company’s autonomous systems segment delivered particularly strong results, generating $492 million in revenue against a StreetAccount expe