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Aerovironment Inc. (AVAV) Jumped After Surprise Q2 Profit

Aerovironment Inc. (AVAV) reported second quarter EPS of $0.29 after the bell Tuesday, compared to the loss of $0.18 last year. Analysts expected a loss of $0.06.

Aerovironment gapped open sharply higher Wednesday, but traded in a range for the bulk of the session. The stock closed up by 11.22 at $54.47 on the highest volume of the year. Aerovironment climbed to nearly a 2-month high and re-crossed its 50-day moving average.

by RTTNews Staff Writer

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