AeroVironment Inc. shares rallied in the extended session Thursday after the defense contractor's products in Ukraine drove record results.
AeroVironment Inc. shares rallied in the extended session Thursday after the defense contractor specializing in robotics reported record results and a better-than-expected forecast and credited the performance of its products in Ukraine.
AeroVironment AVAV shares rallied nearly more than 5% after hours, following a 0.1% rise to close the regular session at $90.32. The company reported a fourth-quarter loss of $160.5 million, or $6.31 a share, versus net income of $7.3 million, or 29 cents a share, in the year ago period. That big loss included an event, triggered by the company not being selected for phase 2 of the Army’s Future Tactical Unmanned Aircraft System program.
Excluding that and other one-time charges, the company reported adjusted earnings of 99 cents a share, compared with 12 cents a share a year ago.
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