AeroVironment hits 52-week high on better-than-expected earnings

AeroVironment, Inc. (Nasdaq:AVAV) briefly hit a 52-week high at $28.70 Wednesday after announcing late Tuesday better-than-expected fourth quarter earnings. The Monrovia, Calif.-based defense technologies producer posted a 27% revenue growth, buoyed by growth in all areas of the company. The stock currently is 13% higher at $28.19 with trading volume more than double the average.

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