Drone maker AeroVironment shares pop 20% on earnings beat

• AeroVironment beat fourth-quarter expectations on the top and bottom lines.
• The drone maker's stock soared following the earnings report.

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

The company reported record fiscal year revenue of $820.6 million, up 14% over the prior period.