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Why Shares Of AeroVironment Are Trading Lower Today

AeroVironment AVAV

AeroVironment (NASDAQ:AVAV) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS and sales results. The company also issued 2023 guidance below analyst estimates.

The company reported fourth-quarter EPS of $0.30, which came in below the consensus estimate of $0.39. Revenue of $132.6 million also missed analyst estimates of $135.3 million.

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