Shares of Aerospace systems company AeroVironment Inc. (AVAV: Quote) are gaining ground in after-hours trading on Tuesday.
The stock is up $1.55, or 6.1 percent, following the closing bell, boosted by the company's earnings report. AVAV closed Tuesday at $25.44, down $0.02 or 0.08 percent.
The company reported fourth quarter net income of $17.8 million or $0.80 per share, compared to $17.6 million or $0.79 per share last year. On average, 14 analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter.
Moving forward, AeroVironment, which makes unmanned aircraft systems, has forecast a strong outlook for the full year 2013, sending its shares up six percent in after-hours trade on the Nasdaq.
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by RTT Staff Writer
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