Why AeroVironment Stock Is Down Today

Shares of AeroVironment (NASDAQ: AVAV) traded down more than 10% Wednesday following the release of the company's fiscal fourth-quarter report. Earnings came in ahead of expectations, but the markets appear more focused on a light top-line number.

AeroVironment, a maker of small to mid-sized drones for military and commercial users, reported fiscal fourth-quarter earnings of $1.04 per share, easily topping the $0.81 analyst consensus. But revenue came in at $136 million, about $11 million short of consensus.

Image source: AeroVironment.

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Source Fool.com