Reported 1 day ago
AeroVironment's stock plummeted by over 22% on Wednesday, closing down by 4.4%, following disappointing earnings results that fell short of Wall Street expectations. The defense contractor reported an earnings per share of $0.30 and a revenue of $167.6 million, both significantly below analyst predictions. Additionally, the company lowered its full-year revenue and EPS guidance, citing reduced sales, particularly to Ukraine amid changing military aid dynamics, as well as the impact of recent wildfires.
Source: YAHOO