AeroVironment Inc's shares are trading higher after the company reported its fiscal fourth-quarter financial results. The company's Q4 revenue increased by 40% YoY to $186 million, beating the consensus estimate of $164.12 million. However, its quarterly earnings of 99 cents per share missed average estimates of $1.01 per share. AeroVironment also announced a record backlog of $424.1 million, putting it on track for 20% top-line growth in fiscal 2024. The company expects full-year 2024 revenue to be in the range of $630 million to $660 million, versus estimates of $600.24 million.