Defense Stock Drops on Lower Drone Sales to Ukraine

Defense Stock Drops on Lower Drone Sales to Ukraine·Barrons.com

Shares of AeroVironment plunged after the defense technology company reported weaker-than-expected earnings for its fiscal second quarter on Wednesday evening. AeroVironment stock fell 15.9% on Thursday, closing at $165.62, while the and dropped 0.2% and 0.6%, respectively. Wall Street was looking for 76 cents and $182 million, respectively.

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