Business
AeroVironment Reports Higher Fourth-Quarter Profit As Revenue More Than Doubles
AeroVironment AVAV 18.76%increase; up pointing triangle reported a higher profit as revenue more than doubled during the fiscal fourth quarter.
The drone maker on Monday reported a profit of $63.2 million, or $1.25 a share, for the quarter ended April 30. That compares with a profit of $16.7 million, or 59 cents a share, a year earlier.
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