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Archer Aviation Shares Drop 3.5% After Third-Quarter Loss Widens

The company posted a loss of 35 cents per share, compared with 20 cents a year earlier, while revenue topped analyst expectations.

Electric aircraft prototype resting inside a sunlit hangar / TokenPost.ai
Electric aircraft prototype resting inside a sunlit hangar / TokenPost.ai

Archer Aviation (ACHR) shares fell 3.5% in premarket trading Nov. 10 after the electric aircraft maker posted a larger per-share loss for the third quarter than a year earlier. Revenue exceeded analyst expectations.

Archer’s third-quarter loss was 35 cents per share, compared with a 20-cent loss in the year-earlier quarter.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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