Shares of AeroVironment (NASDAQ: AVAV) declined more than 12% on Wednesday after the unmanned aerial vehicle manufacturer's earnings fell short of investors' expectations.

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AeroVironment's revenue soared 151% year over year to $472.5 million in its fiscal second quarter ended Nov. 1. The gains were fueled by the defense contractor's acquisition of BlueHalo, a provider of space technology and autonomous systems, in May.

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Source Fool.com