Archer Aviation Stock Tumbles After Q4 Earnings Miss Analyst Expectations

Archer Aviation's stock experienced a significant decline following the release of its fourth-quarter financial results. The eVTOL company reported a quarterly loss of 31 cents per share, which was wider than the consensus analyst estimate of a 28-cent loss. In line with expectations for a pre-revenue company, Archer posted zero sales for the quarter. In direct response to the earnings miss, the company's shares fell by more than 12% in after-hours trading. This stock movement places the current price well within its 52-week range of $1.91 to $7.49.

Official Source: https://www.benzinga.com/markets/earnings/26/03/50984569/archer-aviation-stock-slides-on-q4-results