Why did Archer Aviation stock plunge 15% at market open on Friday?
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Archer Aviation Inc (NYSE: ACHR) saw a 15% drop in stock price at market open due to disappointing Q4 financial results. The company was expected to generate up to $0.2 million in revenue, but failed to meet expectations.
February 28, 2025 | 4:15 pm
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Archer Aviation's stock dropped 15% due to disappointing Q4 financial results, failing to meet the expected revenue of up to $0.2 million.
The significant drop in Archer Aviation's stock price is directly linked to its failure to meet revenue expectations for Q4. Investors reacted negatively to the financial results, leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100