AeroVironment Stock Surges 21% After Strong Q4 Earnings and Strategic Acquisition
AeroVironment, a leading drone manufacturer, saw its stock soar 21.6% on Wednesday after reporting fourth-quarter earnings that exceeded analyst expectations, driven by robust demand for its uncrewed systems and a pivotal acquisition. The Arlington, Virginia-based company posted adjusted earnings of $1.61 per share and revenue of $275 million, surpassing forecasts of $1.39 per share and…