Why is AeroVironment’s stock down today, according to the Motley Fool? Following the announcement of the company’s fiscal fourth-quarter report, shares of AeroVironment (NASDAQ: AVAV) fell more than 10% on Wednesday. AeroVironment, a developer of small to mid-sized drones for military and commercial usage, posted fiscal fourth-quarter earnings of $1.04 per share, handily beating the $0.81 average estimate. In a statement, CEO Wahid Nawabi said, “Our team produced record fourth quarter and full fiscal year sales, signifying a fourth straight year of profitable topline growth.”/n
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