AeroVironment (NASDAQ: AVAV) stock, the maker of unmanned aerial vehicles for the U.S. military, delivered an impressive "beat and raise" quarter last night, reporting both better earnings than expected and promising more of the same.

Heading into AV's fiscal Q2 2024, analysts had forecast the company would earn only $0.62 per share on sales of $171 million. Instead, AV delivered $0.97 per share in profit, and reported sales of $181 million.

And then its stock crashed 10.8% (through 11:30 a.m. ET).

Continue reading

Source Fool.com