Archer Aviation stock sinks despite major FAA breakthrough
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Archer Aviation Inc. (ACHR, Financials) shares fell about 3.5% in premarket trading after the electric aircraft maker reported a wider quarterly loss, despite beating revenue estimates and making progress toward commercial flights.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA wider quarterly loss and a high expected EBITDA loss weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ACHR shares fell about 3.5% in premarket trading.
- 02Third-quarter revenue was $5.1 million, ahead of forecasts.
- 03The loss per share was 35 cents.
- 04An adjusted EBITDA loss of $185 to $205 million is expected in the fourth quarter.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets