AeroVironment Flies After a Strong Quarter

AeroVironment (NASDAQ: AVAV) announced stronger-than-expected fiscal first-quarter 2018 results on Tuesday after the market closed, highlighting solid revenue increases, greater visibility with a growing funded backlog, and narrower bottom-line loss.

With shares up nearly 10% in after-hours trading as of this writing, let's take a closer look at how the unmanned aircraft systems specialist kicked off its new fiscal year.

IMAGE SOURCE: AEROVIRONMENT.

Source: Fool.com