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AeroVironment beats expectations but stock falls

By   /   Tuesday, June 25th, 2019  /   Comments Off on AeroVironment beats expectations but stock falls

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Full-year revenues that topped analyst expectations weren’t enough to stave off a 9 percent drop in Simi Valley drone manufacturer AeroVironment's stock after trading closed June 25. The company reported a 17 percent increase in revenue for the year to $314.3 million, topping its own guidance and analyst expectations of $308.75 million. Net income rose…

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