Premarket Movers | AeroVironment Sinks 9%; AAOI, Nebius, Serve Robotics up 2%; CoreWeave up 3%

AeroVironment shares fell about 9% in premarket trading on Wednesday after the defense technology company reported quarterly results that missed Wall Street expectations on both revenue and adjusted earnings, and cut its full-year outlook.

The company reported revenue of $408.0 million for its third quarter ended Jan. 31, missing the consensus estimate of $476 million. Adjusted earnings $0.64 a share missed the average estimate of $0.69 a share.

Shares of optics technology companies jumped in premarket trading on Wednesday. AAOI up 2%; Ciena, Lumentum, Coherent up 1%.

Nvidia-linked shares rallied in premarket trading on Wednesday.

CoreWeave up 3%; Nebius, Serve Robotics up 2%; APLD up 1%.