Skip to main content

Market Overview

Why AeroVironment Stock Is Trading Lower Today

Why AeroVironment Stock Is Trading Lower Today

AeroVironment Inc (NASDAQ: AVAV) is trading significantly lower Wednesday morning after the company announced worse-than-expected financial results.

What Happened: AeroVironment reported quarterly earnings of $1.04 per share, which beat the estimate of 81 cents per share. The company reported quarterly revenue of $136 million, which came in below the estimate of $147.18 million.

“In addition to producing solid financial and operational results despite the continued macroeconomic challenges our industry and economy are experiencing, we expanded our total addressable markets with the strategic acquisitions of Arcturus UAV, Progeny Systems ISG and Telerob," said Wahid Nawabi, president and CEO of AeroVironment.

Cathie Wood, the founder, CIO and CEO of Ark Invest holds shares of AeroVironment in the ARK Autonomous Technology & Robotics ETF (BATS: ARKQ). Wood sold shares of the unmanned aircraft systems company multiple times at the end of May.

Price Action: AeroVironment has traded as high as $143.71 and as low as $59.13 over a 52-week period. At last check Wednesday, the stock was down 9.51% at $99.42.


Related Articles (AVAV)

View Comments and Join the Discussion!

Posted-In: Cathie Wood Wahid Nawabi why it's movingEarnings News Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at