AeroVironment falls after Q2 profit misses estimates

Shares of military drone maker AeroVironment AVAV.O down 4.5% at $268.70 after Q2 profit comes in below estimates

Co posts adj. EPS of 44 cents vs est. of 78 cents

Net income of $21.8 mln, below est. of $35.81 mln

Co attributes weaker performance to increased non-cash purchase accounting expenses

Average rating of 16 analysts on the stock is a "buy"; median PT at $400 - data compiled by LSEG

AVAV stock up 82.9% YTD, as of last close