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Drone maker AeroVironment swings to $8.1-million profit in quarter
Drone maker AeroVironment swings to $8.1-million profit in quarter

Boosted by an increase in sales, Monrovia-based drone maker AeroVironment Inc. exceeded analyst estimates and reported $8.1 million in fiscal fourth-quarter profit, a turnaround from the same period a year earlier. The company posted net income amounting to 36 cents a share Tuesday for the quarter that ended April 30. That's compared with a loss of $795,000, or 1 cent a share, for the same period last year. Analysts on average had forecast a profit of 22 cents a share. AeroVironment is the Pentagon's top supplier of small drones — including the Raven, Wasp and Puma models — that give troops on the ground a bird's-eye view of what's happening over a ridge or around a bend. The company...

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