Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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.
Interested in more info on AeroVironment? Add it to your watchlist.
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.
More from The Motley Fool
A Fresh Twist on Electric Vehicle Charging
A new charger from Aerovironment could make it easier to charge at work and in multi-unit residences.
Solar Drones Take a Step Towards Commercial Flight
If drones can fly on solar power alone they may never have to return to the ground.
Why Shares of AeroVironment, Inc. Popped 23% in December
A big earnings report sent this drone stock higher to end 2017.