AeroVironment jumps 19% on earnings beat

AeroVironment stock surged 19% after reporting Q4 earnings of $1.84 per share, beating the $1.46 estimate. Revenue more than doubled to $642 million. The funded backlog grew 65% to $1.2 billion. Autonomous systems revenue hit $492 million. The company expects fiscal 2027 revenue between $2.13 billion and $2.23 billion.