Archer Aviation Q1 2024 GAAP EPS $(0.36) Misses $(0.35) Estimate
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation (NYSE:ACHR) reported Q1 2024 GAAP EPS of $(0.36), missing the consensus estimate of $(0.35) by 2.86%. This represents a 21.74% improvement over the previous year's losses of $(0.46) per share.
May 09, 2024 | 8:29 pm
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NEGATIVE IMPACT
Archer Aviation reported a Q1 2024 GAAP EPS of $(0.36), missing estimates by 2.86% but showing a 21.74% year-over-year improvement.
Missing the EPS estimate, even by a small margin, can negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvement indicates progress in reducing losses, which might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100