NEW YORK ( TheStreet) -- AeroVironment ( AVAV) shares leapt in extended trading on Tuesday after the Monrovia, Calif.-based maker of unmanned aircraft reported an above-consensus quarterly profit and gave a bullish outlook for the current fiscal year.

The company, which also develops electric vehicle charging systems, said it earned $17.6 million, or 79 cents a share, on revenue of $106.1 million for its fiscal fourth quarter ended in April, up from a year-ago equivalent profit of $15.6 million, or 71 cents a share, on revenue of $99.4 million, and ahead of the average estimate of analysts polled by Thomson Reuters for earnings of 69 cents a share on revenue of $99.1 million.



The company said its funded backlog had swelled to $82.9 million as of April 30, a 13% increase from $72.3 million at the same time a year ago. For fiscal 2012, ending next April, AeroVironment forecast earnings of $1.28 to $1.35 a share on revenue ranging from $321 million to $336 million. The current average analysts' view for the full year is for earnings of $1.24 a share on revenue of $318.8 million.

"Electric vehicle charging solutions and digital Puma unmanned aircraft systems successfully transitioned from development to production programs with attractive long-term growth prospects, while other innovative developments progressed toward customer adoption," said Tim Conver, the company's chairman and CEO, in a statement, adding later that AeroVironment is seeing "strong demand" for its products.

The stock was last quoted at $31.61, up 10.5%, on after-hours volume of nearly 80,000, according to Nasdaq.com. Based on a regular session close at $28.61, the shares were up 6.7% year-to-date, although they've pulled back since hitting a 52-week high of $35.96 on April 1.

Wall Street had some reservations about AeroVironment ahead of the report with 10 of the 16 analysts covering the stock at hold.

Asia Entertainment & Resources Ltd.

Asia Entertainment & Resources ( AERL) shares jumped after the Hong Kong-based provider of VIP gaming promotional services in Macau, China said its board has approved a semi-annual cash dividend of 10 cents a share, and authorized plans to buy back up to 2 million shares.

The stock was up 12.3% to $6.30 on extended volume of around 52,000. The shares finished Tuesday's regular session at $5.61, up 3% on the day, but down more than 50% since hitting a 52-week high of $12.41 on Jan. 28.

Asia Entertainment said it expects to begin the repurchase program and announce the pay and record dates for the dividend after it reports its results for the six months ending June 30.

Other stocks active in Tuesday's late trading included Adobe Systems ( ADBE), which slumped 3% to 30.99 on volume of 1.5 million after the graphics design and publishing software developer reported its fiscal second-quarter results; and Jabil Circuit ( JBL), which edged up 12 cents to $18.97 on volume of more than 500,000 after the electronics manufacturing services provider edged Wall Street's expectations for its third quarter by a penny but gave an outlook for its fourth quarter that looks light.

-- Written by Michael Baron in New York.

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