economy

AeroVironment soars 19% on earnings beat, backlog grows to $1.2 billion

Dronemaker AeroVironment's autonomous system revenue beat expectations by $90 million and its backlog continued to grow.

AeroVironment soars 19% on earnings beat, backlog grows to $1.2 billion

TL;DR

  • AeroVironment's autonomous system revenue exceeded expectations by $90 million.
  • The company's backlog continued to grow.