Archer Aviation Reports Wider-Than-Expected Q2 Loss, Shares Slide

Archer Aviation Inc (NYSE:ACHR) reported financial results for the second quarter Monday after the bell. Here’s an overview of the electric vertical take-off and landing (eVTOL) company’s report.

ACHR stock is down today. Catch the latest moves here.

Q2 Earnings: Archer reported a second-quarter loss of 36 cents per share, missing analyst estimates for a loss of 26 cents per share, according to Benzinga Pro.

Archer highlighted the ongoing production of six Midnight aircraft across its supply chain, with three aircraft in final assembly across the company’s facilities.

Archer ...