AeroVironment's Profit Drop Sends Shares Plummeting
Update: 2025-12-10
Description
AeroVironments stock plummeted over ten percent after their third-quarter earnings report fell short of expectations, with profits missing the predicted mark by a significant margin. Despite robust sales growth, the companys adjusted earnings of forty-four cents per share fell short of the expected seventy-nine cents, causing investor concern. Managements reduced full-year profit forecast of three dollars and forty-seven cents per share, a decrease of nearly five percent, further exacerbated the situation. This news had a substantial impact on the markets view of the company, with shares trading well below their fifty-two-week high.
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