AeroVironment Inc. (AVAV) Up 8% After Strong Results
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AeroVironment Inc. (Nasdaq: AVAV) is performing well this morning after reporting strong numbers last night. AeroVironment reported Q4 EPS of $0.27, 1 cent better than the analyst estimate of $0.26. Revenue for the quarter was $76 million, versus the consensus of $71.22 million.
AeroVironment's was bouyed by strong sales at both its unmanned aircraft and energy systems businesses, and forecasts an 18 to 22% growth for 2010 sales.
AeroVironment's was bouyed by strong sales at both its unmanned aircraft and energy systems businesses, and forecasts an 18 to 22% growth for 2010 sales.
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