Dec 4 Drone maker Aerovironment Inc
posted better-than-expected quarterly results, helped by higher
Aerovironment shares were up 9 percent at $22.15 after the
bell. They closed at $20.26 on the Nasdaq on Tuesday.
Earnings rose to $8.7 million, or 39 cents per share, for
the second quarter, from $6.6 million, or 30 cents per share, a
Revenue fell marginally to $80.28 million. Gross margins
rose to $35.6 million from $30.6 million a year earlier.
Analysts on average were expecting earnings of 22 cents per
share, on revenue of $77.1 million, according to Thomson Reuters
The company maintained its 2013 earnings forecast of between
$1.41 and $1.51 per share on revenue of between $348 million and