Why the Market Reacted Negatively to AeroVironment's Quarterly Results
On Sept. 8, defense contractor AeroVironment (NASDAQ: AVAV) reported financial results for the first quarter of its fiscal 2022. One might have expected the market to be pleased with the company's performance during the quarter, considering it beat financial expectations. However, following the quarterly report, the stock dropped sharply.
In this video from Backstage Pass, recorded on Sept. 9, Fool contributor Lou Whiteman explains why the market reacted negatively to AeroVironment's Q1 report. He also gives a hint of whether the stock could still face challenges.
Source Fool.com
