AeroVironment Stock Drops After Q3 Earnings: Here’s Why

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AeroVironment Inc. (NASDAQ:AVAV) shares fell in Tuesday’s extended trading after the company released its third-quarter earnings report, missing estimates on the top and bottom lines.

Here’s a look at the key figures from the quarter. 

The Details: AeroVironment reported quarterly earnings of 64 cents per share, which missed the consensus estimate of 69 cents, according to Benzinga Pro data.

Quarterly revenue of $408.05 million missed the Street estimate of $475.63 million by 14.21%.

Bookings reached $2.1 billion and the book-to-bill ratio was 1.6 …

Full story available on Benzinga.com

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