Archer Aviation (ACHR) reported a Q1 loss of $0.36/share, missing estimates by $0.08, causing stock drop to $3.66.
Archer Aviation (ACHR) reported a Q1 loss of $0.36 per share, missing analyst estimates by $0.08. The company's stock dropped during midday trading on Friday, hitting $3.66. Major shareholder N.V. Stellantis purchased 800,000 shares at an average price of $4.60 on March 8th. Archer Aviation focuses on designing, developing, and operating electric vertical takeoff and landing aircraft for urban air mobility.
May 10, 2024
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