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What: Drone maker AeroVironment
So what: Revenue was up 24%, to $63.8 million, and earnings per share of $0.01 beat expectations of a $0.06 loss. Unmanned aircraft remain AeroVironment's biggest product, but efficient energy systems rose 33% in the quarter and are becoming a significant contributor.
Now what: AeroVironment is making all the right moves as both major product lines had significant improvements. This Motley Fool Rule Breakers pick should see continued improvement as electric vehicles begin to hit the street in large numbers and its charging products sales pick up. I'm buying today's move and think there's plenty more room to run for AeroVironment.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
AeroVironment is a Motley Fool Rule Breakers recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.