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Bumble will lay off roughly 30% of its workforce, or

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Drone maker AeroVironment shares pop 20% on earnings beat

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An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022.

Luke Sharrett | Bloomberg | Getty Images

AeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines.

Here’s how the company did compared to analyst expectations:

  • Earnings: $1.61 per share adjusted vs $1.39 per share expected
  • Revenue: $275 million vs $242 million expected

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