Shares of AeroVironment ( AVAV -3.37%) are falling on Wednesday. The company's stock had lost 4.4% as of 2:05 p.m. ET but was down as much as 22.4% earlier in the day. The drop comes as the S&P 500 gained 0.7% and the Nasdaq composite gained 0.9%.

Key Takeaways AeroVironment reported weaker-than-expected results as military weapons sales to Ukraine fell and the drone maker was negatively impacted by January's Southern California wildfires.The company posted a third-quarter fiscal 2025 loss,

AeroVironment (AVAV) and CrowdStrike (CRWD) are both plummeting after their earnings reports, which included disappointing guidance