Shares of AeroVironment (NASDAQ:AVAV) dropped 5.8% as investors grew cautious ahead of the earnings report. Analysts predict a 61.8% decline in quarterly earnings to $0.34 per share, despite revenue projections of $453.5 million. The stock closed at $226.76, down 4.6%. The market sees the news as significant but not game-changing for the business. Recent positive analyst coverage led to a 45.1% increase in the stock this year, with a ‘Strong Buy’ consensus rating. AeroVironment is still 20.3% below its 52-week high. Interested in semiconductor growth stocks? Check out our free report on a profitable AI-related pick.

Read more at Stockstory.org – Bloomberg: Why AeroVironment (AVAV) Shares Are Getting Obliterated Today