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Why Archer Aviation Stock Just Crashed

TheMotleyFool

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Archer Aviation (NYSE: ACHR) stock tumbled 12% through 11:30 a.m. ET Tuesday after missing on earnings last night.

Analysts weren't optimistic about Archer heading into the electric vertical takeoff and landing aircraft manufacturer's (eVTOL) Q4 report, expecting a $0.24-per share loss on sales of approximately $0. The good news is that Archer did have some revenue last quarter -- about $300,000. The bad news is that it ended up losing $0.26 per share -- two cents worse than feared.

Image source: Getty Images.

Source Fool.com

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