Archer Aviation Inc reports results for the quarter ended March 31 - Earnings Summary
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Archer Aviation Inc reported a quarterly adjusted loss of 17 cents per share for the quarter ended March 31, an improvement from a loss of 36 cents in the same quarter last year. Revenue was reported as zero, missing analyst expectations of $2.20 million. The company incurred a total loss of $93.4 million. Despite this, Archer's shares rose by 23.9% this quarter. Analysts maintain a "buy" rating, with a median 12-month price target of $12.75.
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