Unusual Machines Stock Rises In Sympathy With AeroVironment's Q4 Double Beat - Unusual Machines (AMEX:UMA

Unusual Machines Inc.

(AMEX:UMAC) shares are trading higher Tuesday in sympathy with AeroVironment Inc.

(NASDAQ:AVAV) after the drone and defense technology company reported a fiscal fourth-quarter double beat.

AeroVironment's Earnings AeroVironment reported fourth-quarter adjusted EPS of $1.84, beating the $1.46 consensus estimate, and revenue of $641.6 million, beating the $558.8 million consensus estimate and representing 133% year-over-year growth.

Bookings totaled $2.7 billion for the year with a book-to-bill ratio of 1.4, and funded backlog stood at $1.2 billion.