Anyone listening to AeroVironment’s quarterly update Aug. 30 could just about hear executives and analysts wincing through the telephone. The UAV and electric transportation provider reported “ugly” results for the first quarter of its fiscal 2017—as one financial observer later characterized it—due in large part to sliding drone sales. Revenue for the latest quarter was just $36.2 million, compared with $47.1 million for the same quarter last year. All but ...


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