Recap: Archer Aviation Q3 Earnings
Portfolio Pulse from Benzinga Insights
Archer Aviation (NYSE:ACHR) reported its Q3 earnings, beating estimated earnings by 36.67% with an EPS of $-0.19 versus an estimate of $-0.3. However, revenue was down $0 from the same period last year. Last quarter, the company missed on EPS by $0.12, which was followed by a 1.03% drop in the share price the next day.
November 09, 2023 | 9:25 pm
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NEUTRAL IMPACT
Archer Aviation's Q3 earnings beat estimates, but revenue was flat compared to last year. Last quarter's EPS miss led to a 1.03% share price drop.
Archer Aviation's earnings beat could potentially boost investor confidence, but the flat revenue might temper this optimism. The share price drop following last quarter's EPS miss indicates that the market reacts significantly to Archer's earnings reports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100