Investing.com - Archer Aviation reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was in line with expectations.
Archer Aviation announced earnings per share of $-0.28 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.33 on revenue of $0.00.
Archer Aviation shares are down 53.92% from the beginning of the year, still down 63.38% from its 52 week high of $7.81 set on December 16, 2021.
Archer Aviation follows other major Industrials sector earnings this month
Archer Aviation's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar