AeroVironment’s shares jump on improved profit outlook (NASDAQ:AVAV)


Regular Australian Army AeroVironment Wasp III UAV launch, flying and recovery demonstration

James Rolevink/iStock Editorial via Getty Images

AeroVironment’s (NASDAQ:AVAV) stock jumped 14% to $108 a share in extended trading Tuesday after the maker of combat drones and other unmanned systems reported strong demand.

Fiscal Q1 revenue rose 40% to $152.3 million, beating the average estimate among Wall Street analysts

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